During the past five years electricity prices have risen by 40% on average all around Australia. The cost of electricity is still expected to rise by another 8-10% during the 2012/2013 financial year.
For a long time Australian households and business didn’t need to look at their utility running costs, now however, they are beginning to feel the impact of having expensive energy costs. The bottom line is Australians need to become more energy efficient and need to look into alternative options to supplement their electricity sources. Solar panels, solar hot water and even wind turbines are becoming more affordable (also with faster payback on investment) as electricity prices continue to rise and as the technology itself is becoming cheaper.
A research conducted over three years in Western Australian involving 14,000 households, revealed that the average household can in fact reduce their electricity use by nearly 58%! This means that the average home owner can save over $900 a year in energy cost. So through better energy management at home, such as switching off standby power, buying energy efficient appliances (the more stars the better), reducing heating and cooling cost by adjusting timers and thermostats and of course through installing energy efficient lighting such as LEDs and sensor lights, you can reduce your family’s electricity expenses too.
(article based on: http://www.ecosmartelectricians.com.au/)