Simple hack every Aussie needs to know to save money in 2025

Smarter use of common household appliances – fridges, washing machines and even the toaster – could reduce energy bills by 2025, says a network of electricians.

The toaster may make a smaller contribution to energy bills, but it’s still worth optimizing, says Chris Madikian, electrical expert at The Local Electrician in Sydney.

Consumers could also use a toaster with an energy saving setting and unplug it when not in use to avoid consuming energy in standby mode, and larger families could make multiple slices at once in a single high-efficiency toaster.

Refrigerators are responsible for approximately eight percent of a household’s energy bill. Refrigerators are one of the hardest working appliances in the home and need to be on 24/7 to keep food safe, especially during the holidays.

Store your refrigerator in a cool, well-ventilated area, away from heat sources and make sure the seals are tight. Be sure not to overload the refrigerator so that there is good air circulation, says Mr. Madikian.

Regular use of a microwave during the day can also contribute to higher energy costs. While it is an energy-efficient option for reheating or steaming vegetables, batch cooking larger meals in the oven would reduce the bill.

Washing machines can also add up quickly, but energy saving tips include running full loads instead of half loads.

Refrigerators are one of the largest energy consuming appliances and run non-stop

By making small changes, such as washing clothes in cold water or cleaning vacuum filters, homeowners can not only reduce their bills but also reduce their impact on the environment, Mr Madikian said.

Choose an energy-efficient vacuum and sweep where possible to reduce the need for vacuuming in smaller spaces, he added.

Banks and other lenders can access taxpayer-funded financing to upgrade homes with battery-powered rooftop solar, or loans for more efficient appliances and other improvements to keep households warmer in winter and cooler in summer.

Australians have embraced solar energy, with panels and batteries becoming commonplace

Despite the country leading the adoption of rooftop solar, a recent report from the Australian Energy Regulator shows that many consumers are missing out on the transition to cleaner energy sources.

But a new rule from the Australian Energy Market Commission means home and car batteries will have a better chance to compete with large-scale generators as ‘virtual power plants’.

“This reform is like giving the electricity system a pair of glasses: suddenly it can see and respond to the actions of retailers and customers that were previously invisible,” says committee chair Anna Collyer.

It creates a new ‘dispatch mode’ that allows energy retailers to reach beyond the meter and offer these smaller resources into the wholesale electricity market.

This includes virtual power plants that combine household batteries, community batteries, backup generators and commercial or industrial operators that manage their consumption.

Energy customers also pay ‘loyalty penalties’ and can get better deals by switching plans, according to the Australian Competition and Consumer Commission’s latest report on its ongoing investigation into prices, profits and margins.

“We will continue to encourage consumers to shop around for the best deal, while ensuring retailers know to do the right thing,” Energy Minister Chris Bowen said.

For those who can afford a new car, vehicle efficiency standards will start on January 1, which aim to get more low- or no-emission cars on the road and save money at the bowser.

They aim to encourage carmakers to offer more choices at car yards to balance sales of highly polluting vehicles with electric and hybrid models.