Money

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.

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