The Carbon Tax Repeal Act took effect from 1st July 2014 and consumers should now be receiving the first round of power bills at reduced rates.
Aurora Energy has lowered power prices by 7.8%. It’s only a small reduction but the move could see savings of around $250 a year for the average family.
This is probably a once off reduction and prices will rise again, due to the usual factors.
It’s a good opportunity to consider investing the savings from your power bill in an area that will provide future energy savings such as extra insulation or LED lighting or solar hot water.
Money spent on reducing your energy consumption usually pays dividends for many years, as the benefits continue long after the initial expense.
The money saved from implementing one energy efficiency measure can help pay for the next energy reducing investment, and those combined savings help pay for the next one, and so on. This is a great strategy if you are planning to stay in your current home for a number of years.
There are plenty of ways to reduce your energy consumption that won’t cost you a cent. We have created a guide that details of 43 different ways to reduce your power bill, including many no cost and low cost ideas. Go to www.savepowersavemoney.com.au to download the free report.
