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What’s the real reason for rising energy costs?

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Rising energy prices are putting further strain on households during a cost of living crisis. But does it need to be this way?

 
As if rising inflation and interest rates weren’t bad enough?

Well, throw rising energy costs into the mix as well, as many households were stung by higher bills this month.

So why is this happening, and what’s the impact on everyday households and the rest of the economy?

How can I conserve energy?

Here are some steps to help you save power.

Adjust Temperature Settings:

Set your thermostat to 60 degrees Celsius for storage hot water systems.
For continuous flow hot water systems, maintain the temperature below 50 degrees Celsius.
Maintain air conditioner settings between 23°C and 26°C for cooling.
For heating, keep the temperature between 18°C and 21°C.

Optimise Washing Machine Usage:

Use cold water cycles for washing.
If using hot water, ensure it’s below 60°C; hot cycles use significantly more energy.

Seal Drafts and Gaps:

Block gaps using door snakes and apply weather seals to doors, windows, skirting boards, skylights, and cornices.
Close doors to rooms not requiring cooling or heating.

Eliminate Energy Vampires:

Turn off appliances like washing machines, dishwashers, microwaves, and TVs at the wall to prevent standby power consumption.

Replace Inefficient Items:

Install a water-efficient shower-head to reduce water heating costs and overall water usage.
Switch to energy-efficient LED light bulbs, consuming 80% less energy than older types.

Mindful Lighting Usage:

Turn off lights when rooms are unoccupied to save energy.
By following these guidelines, you can effectively conserve energy and reduce both your electricity bills and environmental impact.

Money

US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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