17 things you can do right now to save big on your energy bill

Do you want to save big on your energy bill? Then add these 17 tips and tricks to your repertoire. These easy adjustments are small enough that you can start today and make a big difference to both your savings and your environmental impact.

By Carolyn Tate

Have you been watching your electricity bills going up every year? Energy is one of the most stressful expenses we have and according to iSelect, 50% of us need to cut back on spending elsewhere in order to afford the energy bill.

Managing household expenses can be tricky, especially if we’re on a fixed income or have stopped working. Navigating those bill payments can become stressful but it doesn’t need to be.

The good news is that there are plenty of ways you can reduce your electricity bill that won’t have much impact on your lifestyle. Some may be obvious, while others are sneaky tricks that could save you a lot of money. All of these add up to big savings if you follow them.

1. Upgrade to LED lighting‍

Replace incandescent bulbs with energy-efficient LED bulbs. LED lighting consumes significantly less energy and has a much longer lifespan.

2. Unplug electronics

Even when they’re turned off, electronics in standby mode can still draw power and cost you money. Unplug devices or use smart power strips to cut off power completely.

3. Use natural light

If there’s one thing Australia has in surplus, it’s sunlight. Make the most of natural daylight by opening blinds and curtains during the day, reducing the need for artificial lighting.

4. Seal leaks and gaps‍

Inspect all your doors and windows for draughts, and use weatherstripping or caulking to seal gaps. Proper insulation can reduce both your heating and cooling costs.

5. Adjust your air conditioner‍

Set the temperature on your air conditioner to a comfortable but not overly warm temperature in winter and a cooler temperature in summer. Even better: turn it off when you can.

6. Regular maintenance‍

Ensure that your heating and cooling systems are well-maintained. Clean or replace filters as needed to maintain efficiency.

7. Use ceiling fans‍

Ceiling fans can help distribute air more effectively than air conditioners, and they use less energy, allowing you to feel comfortable at a higher temperature.

8. Buy energy-efficient appliances

‍When it's time to replace appliances, choose energy-efficient models with a high Energy Rating.

9. Wash clothes in cold water‍

Did you know that most of the energy used by our washing machines goes towards heating the water? If your clothes aren’t particularly filthy, wash them in cold water to save on energy costs.

10. Air dry clothes‍

Use a clothesline or drying rack to air dry your laundry instead of using a dryer. It's gentler on your clothes and reduces energy consumption – that’s a double saving!

11. Switch energy suppliers

While it may seem like a hassle, chances are if you've been with the same supplier for a while, you're probably paying more. That's because companies save their best deals for new customers, they don't reward the loyalty of old customers. Grab your electricity bill, head online to a comparison website like iSelect and upload your electricity bill. If you're paying more than you should be, see if your current supplier will match the rate you could get elsewhere. If they can't, take your business (and your money) elsewhere.

12. Cook efficiently‍

Use smaller appliances like toaster ovens or microwaves for small meals or if you’re just cooking for one or 2. When using the oven or stove, cook multiple items at once, if you can, to save energy.

13. Seal leaky ducts‍

If your home has a central heating and cooling system, have the ducts inspected and sealed to prevent energy loss.

14. Turn off lights‍

Remember to turn off lights when leaving a room. If you have trouble remembering, consider installing motion-sensor lights in less frequently used areas.

15. Use power-saving modes‍

Enable power-saving modes on computers, printers, and other electronic devices, so they don’t keep on chewing through the electricity when they’re not in use.

16. Reduce hot water usage‍

Lower the temperature on your hot water heater to 49°C – you shouldn’t ever need it hotter than that, and if you do, you can boil the kettle. And fix any water leaks promptly. Using low-flow showerheads and taps can also help to reduce your hot water use.

17. Consider solar panels‍

While this final tip isn’t as easy as the other tips, installing solar panels on your property can save you a lot of money now and into the future. Government grants may be applicable, so do your research and see if it could be a viable option for you.

Find more tips here: 8 easy actions to save big on energy bills

^{Advice given in this article is general in nature and does not take into account your personal circumstances. It is not intended to influence readers' decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.}