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Electricity saving tips


7 electricity saving tips for your home (and pocket!)

Looking for simple ways to save on power bills? Here’s some of the best energy saving hacks that’ll have your household running efficiently in no time.

We all love a well-lit home and our devices running 24/7. But electricity costs can form a big part of household expenses. With rising prices and environmental impacts, reducing usage is a priority for most Aussies, so we’re here to help with these 7 energy wise tips.

1. Upgrade your energy plan

It pays to check you’re still getting the best deal in the market with your current provider. Do your research and you could slash your power bills if you compare providers and switch to a better electricity or gas plan. 

Pro tip: If you’ve got separate plans for both gas and electricity, bundling them together could instantly get you a better price

2. It’s getting hot in here

Hot water systems can make up 30%* of total home electricity use. Whether it’s gas, electric, solar or heat pump, make sure your hot water system is energy-efficient. And shorter showers will always help too!

3. Mood lighting anyone?

Switch off all those power-hungry downlights and try lamps instead. Also, consider changing to LED light bulbs, which use 75% less electricity, and often last longer too!**

Outside your home, use zoned, programmable lights to come on only as needed. Solar lighting is a great option for lighting up pathways and outdoor entertaining. Cheers to that!

4. Power down to wind down 

Say no to energy wastage by making sure everything is switched off while you’re out or asleep. Consider investing in a smart power board or plug if you find it hard to remember. Now would also be a good time to check if your TV, computer and other appliances have an ‘eco-mode’ option. 

5. How low can you go? 

Lowering or raising the temperature on your thermostat by just a few degrees is a great way to save on electricity, as well as only heating or cooling the rooms you’re using. Also, seal everything including windows, walls, ceilings and skirting boards to reduce cooling and heating needs. 

Insulation keeps your house at a comfortable temperature and it could also save you up to 50% off your energy bill***. 

Pro tip: With the extra cash, why not invest in a USpend account? You could maximise those newfound savings with our competitive bonus interest rate and no bank fees****.

6. Load it up!

Where possible, wait for a full load to run the dishwasher and washing machine. Hot water requires a lot more energy so opt for shorter cycles and use cold water whenever you can - stinky gym gear excluded! 

Line dry as much as possible, even indoors while the air conditioning is running – two birds, one stone! If you’re in a hurry and need to tumble dry clothes stat, throw in a clean towel with the load to significantly cut down drying time. 

7. Cool it, kid

Your fridge is one of the hardest working appliances, so there’s no surprise it uses the most electricity! Make sure it’s working smarter by setting it to around 4 – 5 degrees and the freezer between -15 and -18. Don’t worry, your ice cream will still be just as delicious!

Check for a 5cm gap around the fridge to promote air circulation, double check the seals are working and try to position it away from the sun and your oven. When the time comes to upgrade your appliances, invest in the most energy efficient models you can afford. 

Reducing energy usage around the home doesn’t need to be a chore or require endless work. Every bit counts, so it pays to check where the energy leaks are and work to improve them. An eco-friendly home means more cash in the bank, a healthier planet and a happier you! 


*Figures obtained from industry source Energex

**Figures obtained from industry source Energy Rating

*** Figures obtained from industry source Sustainability Victoria

**** To qualify for the bonus variable interest rate on eligible amounts in your USave account(s) in a calendar month, you must have both a USave and USpend account and deposit $200 or more into your USpend transaction account or your linked USave savings account from non-UBank accounts during the same month. The bonus variable interest rate will be applied to a combined balance of up to $250,000 held in your USave account(s), including joint accounts. Any remaining balance greater than $250,000 will earn the USave base variable rate. Bonus interest is earned the same month you meet the bonus interest criteria. If you qualify for bonus interest, your interest will be paid in 2 credits. The first credit is calculated using the base variable rate, and will be visible in the morning of the 1st of the following month. The second credit is the Bonus Interest, which will be processed overnight on the 1st, so please check your account on the 2nd of the following month.

The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.