On top of your mortgage or rent payments, there are many other costs associated with living anywhere, whether it is a small apartment or a large mansion. Reducing those costs is always going to be in your best interests, as no one wants to pay more for something than they need to. Luckily, there are several things you can do around the home that will help you to save money on your electricity while potentially making your home more energy-efficient too. Read on to find out more.
One of the best ways to save money on your electricity bills each month is to switch to a cheaper provider. In the past, this may have been a difficult task that involved a lot of paperwork and took many weeks to complete, which is why a lot of people did not switch at all, even if they could save a lot of money with a different electricity supplier.
Today things are different. You are free to choose power from a wide range of different suppliers, and switching is usually a matter of clicking a few buttons; often your new energy provider will deal with the switch for you as part of their welcome package.
Make sure you look around regularly to check you are not paying more than you need to and, assuming you are not locked into a contract, change as often as you need to. There are no points for loyalty when it comes to electricity.
Don’t Use Standby Mode
As convenient as it might be to have your electronics in standby mode so you can quickly start them up when required. This is actually costing you money and using energy, even if you are not technically using the gadget or piece of equipment at all. The average amount that pieces of equipment kept on standby waste per year is $40, so by switching them off entirely, you can save money on your electricity without too much effort.
To make things even easier, you can use smart technology that works via your phone or tablet, ensuring that you can turn sockets and lights off even when you are not at home, or you can set up a timer so that they are switched off at night, for example, when no one is going to want immediate access. A cheaper alternative is to install physical timers that will do a similar job.
Use Energy Efficient Appliances
Although suddenly throwing out all your appliances and buying new, more energy-efficient ones is not going to save you money and would, in fact, be extremely wasteful, it is a good idea to ensure you are buying energy-efficient replacements when you need to.
The more energy efficient a piece of equipment – such as a dishwasher, washing machine, or fridge – is, the less it will cost to run. This makes it much easier on the pocket when it comes to your household bills, thus, you save money on your electricity. Plus, it will have a better effect on the environment, helping you to do your bit for the planet as well.
Although switching all your household equipment in one go would be a very costly exercise, doing the same with your lightbulbs would not cost anywhere near as much, and might be something you would want to consider if you are looking at quick and easy ways to save money on your electricity bills.
Changing your lightbulbs so that they are all LED bulbs will save money on your electricity bill immediately, but it will also save you money in the long term since these bulbs last a lot longer than standard bulbs. That means you will need to buy fewer of them over the same period of time.
Use Your Stove In The Right Way
Your stove/oven is a fantastic tool, and is extremely helpful for cooking – it is likely that you will use it at least once a day, and often more than once. The problem is that if you use your stove in the wrong way, you might be using more energy than you need to, and therefore spending more than necessary.
Some helpful tips for using your stove the right way include keeping it clean (the more dirt it has to heat through, the more energy will be used) and always use the right size pan – a small pan on a big burner is another waste of energy. These are both great ways to save money on your electricity.
If you have a microwave and you can use it instead of your stove, and you should do so, as microwaves use much less electricity.
Final Thoughts on How To Save Money on Your Electricity
To save money on your electricity bill, simply start with the ideas above. Always go with energy efficient appliances when buying new, use those LED bulbs, and remember, if you are not using it, turn it off or better yet, unplug it.