Increasing energy prices: what does it mean?
Like many Australians, our clients are concerned with rising energy prices and how it will affect their household and livelihood. There are many tips and tricks that can help you shave off those extra dollars and reduce your use of electricity. However, when it comes to long-term benefits, many people have turned to solar and green energy as a way to help the planet as well as their budget. But before we discuss the solution, we need to determine why exactly it is that we’re facing these price hikes.
Why are energy prices rising?
Many varying elements add to increases in electricity prices. This includes the absence of an Australian energy policy that goes beyond 2020. This is a disadvantage to businesses that don’t have the funding to update their power infrastructure. Another factor that increases Australian energy bills is the exporting of gas. This reduces the bulk available for local companies and can push some Australian businesses to buy their gas from overseas at cheaper costs.
What can I do?
1. Energy auditing
One of the best ways to eliminate energy wastage in your home is to keep a close eye on your usage. This can help you identify the reason for a spike in your bill, take measures so you avoid this on your next bill and improve your energy usage in general. Obviously, running power costs differ from household to household, so it’s best to factor in these figures:
– How many people live in your home?
– How old and power efficient are your appliances?
– How often do you use heaters, cooler, dryers or lighting?
2. Switch to solar
More and more Australians are turning to green energy as a way to become less dependent on fossil fuel energy sources and compartmentalise their fees. Solar power has the potential to not only cut your bill in half but cover almost the total amount. The installation of solar panels adds up to basically no cost, as the savings from your electricity bill will cover this cost in no time at all.
Need some advice?
If you’d like more advice about how your home or business can battle the increasing energy prices, give us a call at 1300782068 or send an email to firstname.lastname@example.org. We’d be happy to help you out!