April 1, 2025 10 min read Money Saving

How to Save Money on Your Power Bill: Expert Tips

Practical tips and strategies to reduce your electricity consumption and save up to $500 per year on power bills.

Person reviewing electricity bill and calculator

Quick Money-Saving Tips

Start saving immediately with these proven strategies:

Switch to LED bulbs

Save $150/year Low cost 3-6 months payback

Install draft stoppers

Save $120/year Low cost 1-2 months payback

Use cold water wash

Save $100/year None cost Immediate payback

Adjust hot water temperature

Save $80/year None cost Immediate payback

Appliance Efficiency

Smart appliance usage can significantly reduce your power bill:

  • Use eco settings on washing machines and dishwashers
  • Run full loads only
  • Maintain appliances regularly
  • Choose energy-efficient models when upgrading
  • Use timers for off-peak operation
  • Keep refrigerator coils clean

Heating & Cooling

Optimize your heating and cooling for maximum savings:

  • Set heater between 18-21°C in winter
  • Use timer controls effectively
  • Close doors to unused rooms
  • Seal drafts around windows and doors
  • Use natural ventilation when possible
  • Regular heat pump maintenance

Lighting Solutions

Smart lighting choices can reduce your bill:

  • Replace all bulbs with LEDs
  • Use natural light when possible
  • Install motion sensors for outdoor lights
  • Clean light fixtures regularly
  • Use task lighting instead of whole room lighting
  • Consider smart lighting systems

Hot Water Savings

Reduce hot water costs with these tips:

  • Set cylinder temperature to 60°C
  • Install water-efficient shower heads
  • Fix leaking taps promptly
  • Insulate hot water pipes
  • Use cold water for washing clothes
  • Take shorter showers

Daily Habits

Simple Daily Actions to Save Power

Turn off lights in empty rooms
Use natural light when possible
Take shorter showers
Use appliances during off-peak hours
Close curtains at night
Unplug devices not in use
Use cold water when possible
Air-dry clothes instead of using dryer

Ready to Save More?

Combine these energy-saving tips with a better power plan to maximize your savings.