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Energy saving tips for the average consumer

If you’re looking to save money on your power bills by being more efficient in your consumption, then you need to know what’s sapping the juice.

If you wanted to save money on your supermarket shopping, what would you do? You’d take a look at your last docket, figure out what costly items you can live without, and not buy them next time around (or replace them with cheaper alternatives). Saving money on energy is a little bit harder, but the same principles apply.

What does the average energy bill look like?

While every household will vary, in Australia the typical power bill breaks down like this:

Energy UsagePortion
Heating and cooling38%
Hot water25%
Fridges and freezers7%
Other appliances (TV, computer etc)16%

How do I reduce the big costs?

As you can see, heating and cooling and hot water are the biggest expenses by far. Together they typically amount to an enormous 63% of your total bill. Imagine if a single item took up 63% of your supermarket bill – that's the first thing you'd look to fix.

We’ve come up with several smart ways to save on your heating and cooling bills – click the link below to check them out.
Tips for saving money on your heating and cooling bills. And for our tips on saving energy through heating water, click the link below.
Tips for saving money on heating water.

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Don’t ignore the small things

The small amounts add up as well and shouldn’t be ignored. Let’s take stand-by as an example. You know stand-by – that’s the little red light that is on on your TV even when it is switched off. Stand-by accounts for 4% of your annual electricity bill, which seems like a small amount, but if your annual bill is $1,200 then you spend $48 dollars per year on not unplugging appliances. That’s enough to fit your house with energy-efficient light bulbs, buy some energy-efficient appliances, or pay for a little extra insulation, all of which will lead to more savings in the long run.

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Don’t do a lot, but do it often

This is really the key when it comes to saving on your power bill. You don’t have to get a solar system installed, or do anything drastic; just keep an eye on the small stuff and be assured that it will add up at the end of the year. Otherwise, you’re needlessly losing out on your hard earned cash. Keep reading through our energy saving guides for more tips on saving energy – and money – around your home.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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