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How to Choose the Best Electricity Plan for Your Big Family House in NSW

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How to Choose the Best Electricity Plan for Your Big Family House in NSW

Living in a big family home in New South Wales (NSW) means you use a lot of power. Finding the right electricity plan will save you money and make life easier. Here’s a simple guide to help you choose the best electricity plan for your big family home in NSW.

 

Your Electricity Needs

 

How Much Power Do You Use

Firstly, you need to work out how much power your family uses. Think about:

  • How many people live in your home: More people = more power.
  • Appliances you use: List the big ones like fridges, washing machines and air conditioners.
  • Heating and cooling: How often do you use heaters in winter and air conditioners in summer.
  • When you use electricity: What times of day does your family use the most power? This will help you decide if a plan that charges different rates at different times is for you.

 

Check Your Old Bills

Look at your past electricity bills to see how much power you used before. This will help you understand your usage patterns and find a plan that suits you. Note the average amount of power you use each month and any spikes in usage during certain seasons or months.

 

Types of Electricity Plans

 

Flat Rate Plans

Flat rate plans charge the same price for power no matter what time you use it. These are easy to understand and good for families that use power evenly throughout the day. If your family has a regular schedule and you use power all day, a flat rate plan might be for you.

Time-of-Use Plans

Time-of-use plans charge different prices at different times of day. There are usually three time periods:

  • Peak: The highest prices, usually in the evening when most people use power.
  • Off-Peak: The lowest prices, usually late at night and early in the morning.
  • Shoulder: Moderate prices between peak and off-peak times.

If your family can use more power during off-peak times, this type of plan will save you money. For example, you might run the dishwasher, washing machine or other appliances at night instead of during peak hours.

Controlled Load Plans

Controlled load plans charge a lower price for specific appliances like hot water systems or pool pumps that run during off-peak times. If you have these appliances, a controlled load plan will save you money. This is especially good if you have a pool or rely on an electric hot water system.

 

Compare Energy Providers

 

Use Comparison Websites

There are many websites that let you compare plans from different providers. These tools will help you find the best plan for your area, usage and preferences. They will ask for your current usage patterns and location to give you the most accurate comparisons.

Look for Discounts and Specials

Energy providers often offer discounts and specials to new customers. Look for:

  • Pay on time discounts: Lower prices if you pay on time.
  • Direct debit discounts: Savings if you set up automatic payments.
  • Green energy discounts: Discounts or credits if you choose renewable energy.

 

Green Energy Options

 

GreenPower Plans

GreenPower is a government program that supports renewable energy. Choosing a GreenPower plan means you’re generating more green energy. These plans might be a bit more expensive but it’s good for the environment. If your family is eco-friendly, this is a way to support clean energy.

Solar Energy

If you have enough roof space, you might consider installing solar panels. Solar panels can reduce your reliance on the grid and lower your bills. Look for plans that pay you for the extra electricity your solar panels produce, called feed-in tariffs. Over time the savings from solar panels can be substantial especially if your household uses a lot of electricity during the day.

 

Contract Details

 

Contract Term

Electricity plans can have fixed or variable contract terms. Fixed term contracts lock in your rates for a certain period, giving you price stability but may have fees if you switch plans early. Variable contracts are more flexible but can change rates. Think about your long term plans for your home and if you prefer stability or flexibility.

Exit Fees

Check if there are any exit fees. These fees can affect how much you save by switching to a cheaper plan. Always read the fine print before signing up for a new plan to avoid surprises.

 

Monitor and Manage Your Usage

 

Smart Meters

Smart meters give you real time information on your electricity usage. This will help you monitor and find ways to save. Many providers offer online tools or apps to help you track your usage. With a smart meter you can see which appliances use the most electricity and adjust your habits accordingly.

Energy Efficient Appliances

Buying energy efficient appliances can reduce your electricity usage. Look for appliances with high energy ratings and consider how much energy they will use over their life time. Investing in energy efficient appliances may cost more upfront but the savings on your bills can be substantial.

Change Your Habits

Get your family to adopt energy saving habits like:

  • Turning off lights and appliances when not in use.
  • Using energy efficient light bulbs.
  • Running dishwashers and washing machines with full loads.
  • Setting thermostats to energy saving temperatures.

Small changes add up to big savings over time. Educate your family on the importance of energy conservation and work together to reduce your electricity usage.

 

Get Help from Experts

You might want to talk to an energy expert. They can assess your needs and recommend the best options. They can also give you tips on how to save energy. An energy consultant can give you personalized advice and guide you through all the choices.

 

Choose the Best for Your Family

Choosing the right electricity plan for your big family home in NSW takes some work but will save you a lot. Here’s the summary:

  1. Know your usage: Look at how much your family uses and when you use it.
  2. Choose a plan: Flat rate, time-of-use or controlled load?
  3. Compare: Use comparison websites and look for discounts and special offers.
  4. Go green: GreenPower or solar panels?
  5. Check the fine print: Contract length and exit fees.
  6. Monitor: Use smart meters and energy efficient appliances.
  7. Change your ways: Get your family to save energy with small changes.

 

Bonus Tips to Save on Electricity

 

Maintenance

Keep your appliances and systems in good shape. Maintenance can make them run more efficiently and use less power. For example, clean your aircon filters to make it more efficient.

Insulation

Insulate your home to keep it warm in winter and cool in summer. Check your home’s insulation and improve it if needed.

Window Treatments

Use curtains or blinds to block the sun during hot days and retain heat during cold days. This can reduce the need for aircon and heating.

Ceiling Fans

Use ceiling fans to circulate air. They use less power than aircon and make your home more comfortable.

 

Conclusion: Choose Your Big Family Home in NSW

 

Choosing the right electricity plan for your big family home in NSW is understanding your usage, exploring options and considering renewable energy. By comparing electricity providers and plans, checking contract terms and implementing energy saving tips, you can find a plan that suits your family and helps you save on electricity bills.

So, the right plan can save you money and help the planet. Take time to research and decide wisely so your family’s energy needs are met and cost-effective. Follow these steps and you’ll have lower bills and a more energy efficient home.