31 Oct 2019
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The cost of electricity continues to be front page news and is placing stress on household budgets. If you are feeling the heat, you are not alone. We’d like to help you identify a few key areas related to your household’s energy bill including:
It is no wonder we are feeling the squeeze. According to the Australian Bureau of Statistics, over the last five years electricity costs have risen from 16% in Adelaide to a massive 60% in Sydney – between 5 to 21 times the inflation rate!
Source: ABS, Catalogue number 6401.0
As energy costs continue to rise throughout Australia, we should all be looking for ways to reduce our usage and therefore our bills. By understanding the areas of your household that consume the most energy, you can begin to take positive action to reduce the impact these bills have on your household budget.
Heating and cooling | 36% |
Water heating | 24% |
Other appliances | 20% |
Fridge and freezer | 7% |
Lighting | 7% |
Cooking | 6% |
Source: Energy Australia
The above chart gives you a good idea of the general areas that are responsible for the greatest percentage of energy use, helping to identify the areas that we need to look at. Some general tips to reduce costs for these areas are:
To really drive home the impact energy costs have on your household budget it is useful to look at how much your appliances are costing you in real terms:
Appliance |
$ Cost per quarter |
Pool heater (heat pump) | 434 |
Ducted air conditioning | 268 |
Wall mounted air conditioning | 166 |
Electric storage hot water unit | 150 |
Pool pump | 95 |
Pool heater (solar) | 48 |
New refrigerator 500 litre | 30 |
400 litre freezer | 30 |
Salt water chlorinator | 26 |
Plasma TV | 20 |
Bar fridge | 15 |
Large LCD TV | 10 |
Model, age and use can influence running costs. Estimated costs are based on Energy Australia’s domestic all time tariff for 2010-2011 for NSW.
Please call the office on 133 144 if you need some help with your household budgeting. We have some great tools that can help you get your finances on track