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Energy costs hit hard all year

by
February 17, 2017

New research revealed Victorians plan to cut back on spending to afford their summer energy bill with 46 per cent saying the cost of energy will affect how long they use their air conditioner this summer.

If you want to keep cool this summer, you may be forking out a lot for your energy bill.

New research revealed Victorians plan to cut back on spending to afford their summer energy bill with 46 per cent saying the cost of energy will affect how long they use their air conditioner this summer.

The Galaxy Research study, commissioned by iSelect, suggests almost one million Victorian households are concerned about their upcoming summer energy bill.

Entertainment and dining out are on top of the chopping block, with 41 per cent planning to tighten their spending in those areas, while the research suggests over 320,000 households even plan to cut back on groceries.

Spokesperson for iSelect Laura Crowden said with Heathcote residents experiencing another hot summer, it is likely many local households will feel the heat when it comes to their energy bills at the end of summer.

“Most Heathcote residents are prepared for large winter bills but during the warmer months, keeping air conditioners running around the clock and the extra energy consumed by kids at home during the school holidays can result in summer energy bill shock,’’ Ms Crowden said.

‘‘But if you simply use the air conditioner a bit less, you may be disappointed to discover your energy bill hasn’t decreased as much as you had hoped.

“This is because for most households a large portion of your energy bill is actually made up of network charges and other variables not associated with usage.”

The survey also found over half of Victorian homes will rely on opening and closing windows to keep their bills down but just 14 per cent are planning to review their energy provider this summer in search of a better deal.

‘‘The easiest way for Heathcote residents to save money is to make sure you are on the most cost-effective plan to begin with,’’ Ms Crowden said.

“This is because tariff rates and pay-on-time discounts can differ significantly from provider to provider and even from plan to plan with the same provider.

She recommended speaking with an energy expert to find out what options are available to ease bill pain both over the hottest months and year round.

‘‘There is no one size fits all solution to rising energy prices and unfortunately there are thousands of variables when it comes to selecting the most cost effective energy plan or provider,’’ Ms Crowden said.

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