How to Protect Yourself Against Increasing Energy Costs

[thumbnail]South-east Queensland has seen an increase of 12.6% (approximately $220 a year) in electricity prices since July 1. With the cost of living rising in other areas as well, it can feel overwhelming trying to keep up.
We’ve broken down some of the key issues surrounding the increase in energy costs as well as changes you can make to protect your family’s budget.

Why has my electricity bill gone up?

The Australian Energy Market Operator (AEMO) has announced that wholesale costs of electricity increased to 141% in the first quarter of 2022 compared with the same period in 2021. Those who don’t have solar installed in their home will be vulnerable to much higher bills as retailers pass on the costs to Aussie families.

This price increase is due to demand overtaking supply as ageing coal-fired power stations have been closed down for maintenance and the demand from Europe has increased due to the conflict in Ukraine. Coupled with an unseasonably cold start to 2022, there simply isn’t the supply there needs to be.

How can I reduce my electricity bill?

We are lucky to have an abundant source of energy from the sun here in South-east Queensland and taking advantage of this through solar power is a fantastic investment. Over 3 million Aussies have now switched to solar and are saving up to 80% on their power bills. An electric hot water system is the biggest user of electricity in the home, up to 35% of the total electricity bill, so by installing solar hot water you can reduce that by at least 71%*.We recommend getting in touch with us and getting a free, no-obligation quote for installing solar at your home or property. This will future proof your family’s budget and make you less vulnerable to the volatility of the world’s energy market.*Energy reduction is based on Australian Government Approved TRNSYS simulation modelling of the Rheem 270 litre to 325 litre capacity two collector electric boost systems and using a medium load in Zone 3 and apply when replacing an electric water heater.

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September 17, 2024

How to Protect Yourself Against Increasing Energy Costs