What to do with Electricity Price Increase?

As a homeowner in Australia, the need for reliable and affordable power is a necessity rather than a privilege. Without power, you will not be able to run your home or business efficiently. However, residential electricity prices have gone higher by 63% in addition to inflation that the country has witnessed in the past one decade. This is according to Australia’s competition watchdog citing higher network costs across the country. And this comprises of the staggering 48% of the household bill.

What can you do about the increase in electricity prices?

Having your own private power is not completely out of the picture as this can have long-term benefits. One of them is when acquiring your own home or business and you don’t want to miss out on anything due to untimely power cut-offs or disconnection resulting from unpaid bills.

That is why it is important that the moment you decide to set up your home or business, one of the crucial items on your wish list should be the source of power. This could be in form of fossil fuel powered generators or solar panels. Whichever the case, make sure that the source of your private power is reliable and affordable to enable you to have an easy time of running your home or business efficiently.

Also, it is necessary to have your private power when the power supply companies resort to driving up prices during the peak demand. In this way, you can save yourself a lot of money that you would have spent on extra charges arising from strategic pricing initiated by power suppliers.

Is private power in Australia an option?

As a property owner, it is your obligation to take responsibility for your electrical assets as well as appliances within your property. This is one of the major reasons why you should have your private power.

On top of that, having your own source of power can give you options of changing voltage output depending on the type of appliance you are using. This is due to the fact that appliances imported from different countries have different ratings in terms of power use.

For instance, you will need an appliance that can run on 230V 50Hz, which is used in Australia. To gain a better understanding of what Hz (Hertz) means or why we have a certain voltage in Australian households, we’ve covered that in the what is alternating current article. But when you want to connect to any appliance originating from Europe or Asia, you will need to spend some extra cash on voltage inverters and power adaptors. To avoid such cases, you can acquire your own power supply that has the same voltage ratings as your appliances in order to save your time and money.

On the other hand, the need to save on electricity bills is another factor that will contribute to having private power in Australia. Most of the companies that transmit electricity in Australia seem to overcharge their clients. As such many homeowners or entrepreneurs choose to have their own source of power to avoid being overcharged. With your own private power, you can really save a lot.

Gordon Powers can help you reduce energy bills

Given that nearly everyone has at some point experienced the substantial rises in prices regarding electricity use, it is important to have your private power. If this isn’t an option, there are many otherwise you can reduce your energy bill. Gordon Powers are the electrical experts in this field and can implement a range of energy efficient products and systems that will help you. This way, you can have peace of mind and save on power bills.