How to Slash Your Electricity Bill

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Learning how to slash your electricity bill could seem harder than normal due to the rising electricity costs. The pandemic has meant more people have had to work from home, resulting in energy consumption rising by up to 20%. But there are many ways for you to slash your electricity bill. Here are some methods to cut your energy expenditure, and reduce your electricity bill.

Understand Your Usage

We can all benefit from understanding our usage better. The best approach is to consult your bill and look at the category of your usage. All-day electricity usage could show up on your bill as Any Time Usage, Peak Consumption Charge or Residential Tariff. Or you may have an economy electricity plan, which is also known as Economy Tariff or Controlled-Load Usage.

If you understand your usage better, or you are not happy with your billing, you need to contact your electricity provider.

Additionally, you need to check your electricity bill amount and due dates, especially as many electricity plans have a fee for late payment.

You can also shop around for better deals. It is important to compare offers from other electricity retailers servicing your area so you can get the best deal for your budget.

Saving Energy Around the Home

There are a number of ways for you to save on your electricity around the home. These include the following.

Lowering Your Energy Usage

If you can use off-peak options, this can reduce your electricity bill. It is vital for you to consider the long-term benefits of changing your tariff to an off-peak option such as Economy or Time-Of-Use tariffs.

Use Energy-Efficient Appliances

As appliances are responsible for a lot of the electricity consumption in your home, you can slash your electricity bill by purchasing more energy-efficient appliances, such as a new fridge that is more energy-efficient. When shopping for appliances, be sure to look for the energy rating, as this will show you which products are the cheapest and most efficient to run.

Ensuring That You Save on Electricity Around the Home

It is important to remember that every little bit of energy expenditure adds up. There are a number of ways that you can save on your electricity bill by incorporating a few simple practices around the property:

  • Use cold water for your laundry rather than hot water.
  • Avoid using the dryer where possible.
  • Open your windows to create cross-breezes rather than using air conditioning and heating constantly.
  • Limit the time the fridge door is open.
  • Use an economy setting on your dishwasher.
  • Place reading lamps near chairs so you do not need to light up the whole room.
  • Turn appliances off at the wall to minimise using standby power.

Conclusion

Learning how to slash your electricity bill is about a combination of understanding your usage, while also incorporating better habits. As the electricity rates have shot up, it is more important than ever to get into the mindset of slashing your electricity bills so you can benefit in the long run.