Last updated on 8th November 2018

Dry Hot Australian Summer: How Not To Get Burned By Your Energy Bills

Discover how to pay less for power this summer.

eandg-article-prim

Hot and dry conditions, policy uncertainty and rising gas prices are a dangerous mix. And this summer they’re all pointing to one thing – wholesale power prices hitting record highs.

The $30 jump that’s been predicted for January would add around 10% to the cost of a typical household annual power bill*.

As usual, the pressure is on everyday Aussies to protect themselves from paying too much. Profit margins for power retailers remain high, and with the added confusion of big discounts disguising inflated prices, it’s difficult for the average consumer to feel they can win.

The first, and most important thing to do is regularly compare the energy providers in your area. Prices fluctuate, contracts expire and new retailers enter the market regularly.

If you’ve never compared, or it’s been over a year since you did, there’s a very good chance you could switch to a better deal and the simple process takes minutes. Keep reading for more top tips on how to pay less for power this summer.

Here’s How You Do It:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

The second thing we would urge you to do is to make sure you’re not stuck on an expensive standing offer with your energy provider. Most people won’t be, but if the initial contract you signed up on has expired or it’s been years since you switched, you could be paying higher rates than people on a market offer. There is easy money to be saved by simply reading and understanding your bill.

Our next suggestion is to get out of the house, especially if you’re working from home. During the summer months, you’re likely to use a whole lot more power as you run the air-conditioning to stop you from sweating it out at home.

The simplest way to get around this is to be at home less. Schedule your weekly shopping for the hottest day of the week and spend the warmest hours inside some cool, air-conditioned shops. Work from the local library instead of working from home. If you’re lucky enough to live near water, go on and take a dip. You don’t have to pay to keep cool.

Our last tip is to not use, or at least reuse hot water wherever possible. That means washing your clothes in cold water, taking cold showers (they’re better for your skin, hair and mental alertness!), reusing water from the bath for the garden or even for cleaning the car, and not pre-washing your dishes before you put them in the dishwasher.

The most important thing to remember with all of these tips is that you should measure your power usage throughout the week. We all struggle to stay on track with our goals, and if you’re not measuring the outcome you’re far less likely to stick to the changes.

All of these tips will whittle down that dollar figure on your bills, but the amount they’ll save you for the effort you put in doesn’t come close to what happens when you compare offers in your area.

Making sure you’re paying as little as possible for your power takes minutes and can result in easy savings. Even amongst market offers, there are hundreds of dollars between the most and least expensive options when you look at the annual cost.

That’s why we’re on a mission to make comparison shopping for energy easy. When you use our service you get access to no markup policies from energy providers across Australia, making it easy to find the best deals in your area. Best of all, it’s totally cost and obligation free.

*’’No likelihood of relief ahead’: Future power prices continue to rise’, Sydney Morning Herald

This article is opinion only and should not be taken as financial advice.