Personal Money

Clever ways to lower your electricity bill over time

7 tips to reduce your electricity bill.

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Electricity bills have been steadily increasing over the past decade. Just to give you an example, global energy prices increased by more than 26% in the early months of 2022! These rising costs can be attributed to a variety of factors, including the supply and demand on the global wholesale market after the pandemic. These increased prices highlight the need for households to adopt energy-efficient practices and explore alternative energy sources to help mitigate the impact of rising electricity costs. With a few simple changes and habits, you can lower your electricity bill over time and enjoy the benefits of a more sustainable and cost-effective home.

Here are some of the best ways to reduce your electricity usage and lower your bill:

1. Upgrade to energy efficient appliances

One of the easiest ways to lower your electricity bill is to upgrade your old appliances to energy efficient models. Look for appliances with the Energy Star label, as they use less energy and can save you hundreds of euros in electricity costs over the life of the appliance.

2. Install a smart thermostat

Smart thermostats are a great way to control your heating and cooling costs. These devices allow you to set temperature schedules and automatically adjust the temperature in your home based on your habits and preferences.

3. Switch to LED lightbulbs

LED lightbulbs use up to 80% less energy than traditional incandescent bulbs and last up to 25 times longer. This means that you’ll save money on your electricity bill and won’t have to replace your lightbulbs as often.

4. Unplug devices when not in use

Standby power, also known as vampire power, can add up over time. Unplugging devices when not in use can help reduce your electricity usage and lower your bill.

5. Insulate your home

Proper insulation helps to keep your home warm in the winter and cool in the summer. This means that your heating and cooling systems won’t have to work as hard, which will lower your electricity bill.

6. Use a power strip

Plugging multiple devices into a single power strip can help reduce standby power usage and lower your bill. Make sure to turn off the power strip when not in use.

7. Reduce your water heater temperature

Lowering the temperature of your water heater can also help lower your electricity bill. Most water heaters are set to 60°C, but lowering the temperature to 49°C can save you up to 10% on your bill.

By implementing these simple changes, you can lower your electricity bill over time and enjoy a more sustainable and cost-effective home. Whether you’re looking to save money or reduce your carbon footprint, these tips will help you reach your goal.

Noémie Van Maercke
April 2023