How to Slash Your Electricity Costs » Residence Style

How to Slash Your Electricity Costs » Residence Style

Are you unhappy with how much you’re paying for your electricity? Then the best thing you can do is to reduce your energy consumption. Here’s why cutting back on electricity usage is a good idea, and how to go about it.

The Problem With Rising Power Costs

As we rely more and more on electricity, whether it’s to power our computers or run our air conditioning, we’re placing a huge demand on the power grid. This increased demand means we need more efficient, reliable infrastructure, and consumers invariably pick up some of the cost. Although we’re not suggesting the cost of electricity will continue to rise indefinitely, it’s definitely increasing right now, so it’s important you’re prepared.

Slash Your Electricity Costs: 8 Tips

Okay, so that’s the bad news. The better news is that you don’t need to watch your electricity bill skyrocket. Instead, you can start paying less. Here are eight ways to get started right now.

1. Insulate Your Home

Want to save up to 50% a year on energy bills? Then invest in some insulation for your property. Yes, it can be a little expensive, but it’s a worthwhile investment long-term.

2. Switch Energy Tariffs

When was the last time you checked to see the price of electricity with another provider? If you haven’t looked on a price comparison website anytime recently, do some research now. You might be surprised at the rates available with other suppliers. 

3. Change Old Lightbulbs

What would you rather spend on lightbulbs per quarter – $7 a bulb, or $35 a bulb? If it’s the former, switch out those older, less efficient bulbs for LEDs instead!

4. Get an Energy Monitoring System

If it’s available on your tariff, get a smart meter or energy monitoring device. You can monitor your electricity usage around the clock and identify ways to save power. 

5. Turn off Your Appliances

Do you leave appliances like laptops and other devices plugged in at night? Standby mode just wastes energy, so pull out those plugs and turn devices off when you’re not using them. 

Woman’s hand turning off the light

6. Switch to Cold Laundry Cycles

If you find yourself washing all your laundry at high temperatures, think about this – is it really justified? Chances are, you can wash at least some loads on colder settings and reduce your electricity consumption. It takes less energy to run a cold cycle because you’re not heating the water first. 

7. Conserve More Heat

Don’t underestimate the potential of simply closing doors and windows to keep the heat in! And, in the summer, before you reach for the air con, try opening the windows and doors instead.

8. Turn Down the Thermostat

Even if it’s cold outside, there’s a chance you don’t need your thermostat turned up so high. Skip the super hot showers and turn the thermostat down a degree or two instead. 

Conclusion

Slash your electricity costs with just a few simple adjustments to your day-to-day energy consumption. And, if you can afford the investment, consider insulating your home so there’s even less need to rely on your heating system.

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