Compare Electricity Prices New South Wales
Post on June 16th, 2015
Electricity prices in New South Wales are on the rise, costing homeowners hundreds of dollars more per year in unnecessary energy expenses. The reason? Australia is a massive country with large distances between the most populated areas. This makes it expensive and highly inefficient to create a national electricity network from coast to coast.
According to the ESAA, Australia has a vast capacity of 50,815 MW in grid-connected electricity generators. A further 5168 MW capacity is available in embedded and non-grid electricity generators. The complete electricity distribution network in Australia makes up 894,441 circuit kilometres.
In light of the extensive network that supplies electricity to Australia, it is becoming even more expensive for electricity retailers to keep up with this growing demand. It’s no wonder that electricity prices in Australia are among some of the most expensive in the world, far surpassing electricity rates in Canada, the US, and the European Union.
Important Tips to Save Money on Electricity
One of the first and most important ways to save money on electricity is by comparing your electricity retail provider. Many Australians are unaware of the fact that they have the freedom to compare electricity retailers to choose the cheaper rates available. By doing your homework, you can reduce your electricity rates and automatically save hundreds of dollars per year. On top of that, you can use these helpful energy conservation tips around the house to save money on electricity prices today:
- Buy energy efficient appliances. Appliances can make up almost 30% of your energy use on your power bill! As electricity prices continue to rise, it is more important than ever to research energy efficient appliances the next time that you are ready to replace an appliance in your home. While energy efficient appliances may be more expensive at market value, they will save you even more in the long run on your annual power bills.
- Use your appliances wisely. In addition to buying smart, energy efficient appliances, make sure that you are using your appliances right at home. When you wash your clothes with cold water as opposed to warm water, you can save up to 10 times more energy.
- Don’t use standby power. Items like computers, TVs, and other home entertainment devices offer a standby mode of operation. But every time that you put your appliances on standby, you are wasting energy when the appliance is not in use. The use of standby power could take up more than 10% of your electricity bill!