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How To Track Your Energy Consumption

08 Mar 2022

In order to avoid a nasty bill at the end of every quarter, learning how to monitor your household’s energy consumption can provide some pretty handy insights.

Easy-Ways-To-Monitor-Your-Energy-Consumption

Regardless of whether it stemmed from cranking the air conditioning in summer or relying a little too much on a heater during winter, at one point or another, just about all of us have been caught off guard with an expensive electricity bill. 

Given Australia’s skyrocketing cost of living expenses, many people are now turning their attention towards preventative measures instead of reactive ones, such as learning how to keep track of how much electricity their household is consuming. While this is often easier said than done, the good news is that there are plenty of easy methods to monitor your energy consumption in 2022. 

Three Ways To Monitor Your Energy Consumption

While many industry experts taut swapping to solar power as a long term solution to expensive electricity bills, the upfront costs of investing in these types of systems means that solar power simply isn’t on the cards for many Australian households. 

Although it may seem like the obvious answer, one of the key methods to cutting down your power usage is to know where it actually goes in the first place – but what tools are available to actually keep track of your energy consumption, and make the relevant changes to your usage accordingly?

Plug-In Power Meters – To understand how plug-in power meters work, these devices simply sit in between the power outlet and an individual device, and display how much power (load) the connected device is consuming at that particular moment. It can track power consumption during a connected session, and calculate kilowatts and dollars per day, week, month or year.

Wireless Energy Monitor – As a cost-effective way to track an entire home or business’s energy cost and power usage trends, wireless energy monitoring systems differ from plug-in power meters as the technology uses WiFi. They are particularly useful for tracking things that can’t be plugged in, such as lighting, electric hot water systems and air conditioning. 

Use Your Provider’s App – If you struggle to wrap your head around the usage outlined on your electricity bill, your energy provider’s app may have further insights. While Origin Energy has enabled push notifications to alert you when your usage spikes, others like AGL allows users to see a dollar amount on how much your power costs you each day. 

As a consumer, it’s important to be wary of comparison websites that filter options for electricity providers. Keep in mind that particular products or providers may be promoted or recommended more heavily than others because of commercial arrangements. 

To the unsuspecting customer looking to swap electricity providers as a means to cut down on their energy consumption, many fail to read the fine print when it comes to extremely cheap introductory offers, but are shocked when they discover that these are often only twelve month contracts. After the introductory period ends, the tariffs go up in price and can land a customer in a more expensive contract than the one they originally had before the swap. 

To avoid getting caught out, look for electricity providers who are able to offer favourable rates over longer periods of time. While consumers do usually have the option to exit the contract after the introductory period, unless you’re willing to swap electricity providers every twelve months or so, you may be better off staying where you are or negotiating directly for a loyalty based discount. 

How To Save Money On Your Monthly Bills

Kyco is a member based buying group that ultimately aims to save Australians money on their energy, health and insurance bills. The more members we have, the more negotiating power we have to arrange low, long-term deals with service providers.

Kyco doesn’t play one provider off against another taking commissions of up to 30% like most comparison sites. Instead, we’re leveling the playing field with a low 3% capped commission. It’s free to become a member, and with no lock in contracts or unexpected price hikes, spending less on your annual bills has never been easier. 

To be amongst the first to revolutionise how much ordinary households should be paying for bills, join us today and help make the cost of living more sustainable for everyday Australians.