You are here:

10 Essential Energy Saving Tips For Surviving the Energy Crisis

With the price of energy rising, it’s more important than ever to make your home as efficient and cost-saving as possible. In addition, Australia is currently facing an energy crisis. There are many factors that have contributed to this, including rapidly rising demand and unexpected cold, long winter in Southern Hemisphere, which has resulted in the power supply being weaker than expected.
Fact Checked

Updated: 13 May 2024

With rising demand and falling supply, households need to start prioritising ways to save energy and, in turn, money. Luckily, there are many simple yet effective ways to do so. Below are the ten best and essential energy saving tips to assist you in mitigating your electricity usage and money expendeture during the energy crisis.

Key facts

What is the Australian Energy Crisis?

The cause of the Australian energy crisis was simple: not enough generation was being offered into the market at prices that would cover the costs of running power plants. AEMO responded by activating emergency reserves and implementing other measures to keep the lights on. Still, it is clear that something is fundamentally wrong with the way Australia’s electricity market is operating.

Many factors have contributed to the current crisis, but one of the most important is the retirement of a large number of coal-fired power plants in recent years. This has led to a sharp increase in wholesale electricity prices, as there is now less competition in the market. The high prices make it uneconomic for some generators to offer their power into the market, leading to tight supply and further price increases.

How to save money on your energy bill

Understanding how much energy you use each day and when is the best place to start when looking at reducing your carbon footprint. The options for reduction will vary depending on what kind of household situation there is, but understanding these factors begins with knowing exactly where all that power goes in our homes. Below are our top 10 energy saving tips for 2022.

What uses the most energy in your home?

A typical Australian household devotes almost a quarter of its electricity use to heating water, making it the biggest source of energy consumption around the home. Space heating and cooling refrigeration and other electrical appliances each claim another 20-25%, respectively. Where your household falls compared to these averages will be determined by the size of your home, how many people live there and how often you use certain appliances.

For example, if you have a swimming pool, you’ll use more electricity than households without one. To reduce your electricity and gas bills, knowing about the major sources of household energy consumption and where your household fits in is helpful.

What is the cheapest way to save energy?

The cheapest, and easiest, way to start saving both electricity and money is to shift your actions and habits. Simple lifestyle changes can alter your energy usage and, therefore, your monthly bill. Start switching off the lights when you leave the rooms, unplug all appliances when you’re not using them, choose to wash your clothes in cold instead of hot water, opt for energy-efficient choices when upgrading appliances, and install a thermostat. These are all relatively small actions that make the biggest difference.

Frequently Asked Questions and Answers

When it comes to your home, you can make all sorts of changes to save money and cut down on energy waste. Everything counts from washing clothes in cold water instead of hot; turning off the power at the wall, or adjusting the thermostat. A family who makes these few simple adjustments could save hundreds annually by cutting costs like running appliances when they’re not needed (like watching TV), leaving lights turned on unattended, etcetera.

There are many tips you can adopt to save energy, but there are the most effective and efficient: switch off all lights and appliances when you are not using them; be conscious of your usage of appliances, especially dishwashers, clothes washers, and heaters; start washing your clothes in cold water and change the mode to eco-friendly; install an energy monitor to understand your electricity usage better; use less water.

The easiest way to save energy is by just turning off the lights and appliances when you’re not using them. You can also be mindful of how many hours per day each appliance or device spends running and change your modes (from wash high temp), so they use less power. Lastly, install an electricity monitor on yourself as it’ll help track what time you use the most electricity on during weekdays versus weekends.

Many people are surprised to learn that even appliances like microwaves and dishwashers consume electricity when they’re not in use. This phenomenon is known as standby power, and it’s a significant source of energy waste in homes and businesses. Standby power accounts for 5-10% of residential energy use, and it can add up to hundreds of dollars per year in extra electricity costs.

If you’re looking to save on your energy bill, your washing machine, dishwasher, and tumble dryer are some of the best places to start. These appliances account for 14% of a typical energy bill, making them the most electricity-dependent items in a home. There are a few simple ways you can make your appliances more energy efficient. For example, washing your clothes in cold water can save you up to $60 per year. You can also save energy by only running your dishwasher when it’s full and air-drying your dishes instead of using the heated dry cycle. Making small changes like these can add up to big savings on your energy bill.

Share:

Specialist

Megan has extensive experience writing about health and life insurance in Australia. Megan has a special interest in health and wellness. She relies on her background in counselling psychology to convey the latest findings in a manner that is most beneficial to ComparingExperts readers. In every article she writes, Megan aims to uphold the standards of the Private Health Insurance Intermediaries Association (PHIAA) which ComparingExpert is part of.

Other Topics

Find out more with our useful guides

Have a question? Ask a specialist.

Submit

loading comments...