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5 Ways to keep your electricity bill low

By Finserv MARKETS - Oct 18,2019
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5 ways to keep your electricity bills low

The surge in the usage of electrical appliances and electronic gadgets in our daily lives has not only contributed to a spike in global warming but also increased our electricity bills and carbon foot-prints. The choices that we make have a long lasting impact on the environment, but few simple actions on our part can help save electricity and reduce your bills too.

Here are 5 tips to keep your electricity bills low:

  1. Unplug electronic gadgets and electrical appliances:

Did you know that all your TV, laptop, and other appliances still drain electricity even when they are turned off, but still plugged in? This phenomenon is called vampire/phantom power or standby power, or electricity consumed by the products when they are switched off or in standby mode. We might not notice it, but standby power is one of the biggest contributors to electricity wastage across the globe. This leads to electricity wastage of approximately 100-150 units per household annually. Unplugging the devices and appliances or usage of power strips can make your life easier and save electricity. By using power strips, you could shut off all devices connected to it all at once, and not worry about energy saving.

  1. Usage of energy efficient appliances:

The utility of air conditioners (ACs) and refrigerators have become inevitable in our day-to-day lives. This is set to increase in the coming decades since the global temperatures are notching up consistently. In this backdrop, it is better to opt for ACs and refrigerators with higher energy efficiency. It is beneficial to check the five star ratings of Bureau of Energy Efficiency in India (BEE) while buying an AC or a refrigerator. The BEE5 rating is provided to all kinds of appliances to measure the power consumption rate. It determines the energy efficiency of the appliance. The higher the rating, the lower the power consumption and thus lower your electricity bills. Brands are now launching highly energy efficient five-star BEE rating appliances with exceptional design and features like in-built inverter technology that is known to save electricity by around 10% to 30%. Bajaj Finserv EMI Store allows you to purchase energy efficient electrical appliances and electronic gadgets on special discounted offers tailored for you at no cost EMIs, if you are a Bajaj Finserv EMI card owner. Not only this, Bajaj Finserv EMI Store has come up with a unique offer that helps you pay for your electricity bills on easy EMIs, an offer that’s only valid till 30th June 2019. Replacing regular incandescent lamps with LED lights at your home can also conserve energy by around 80 percent without affecting lumen intensity.

  1. Cover your rooftop:

If you own a home, or live on the top floor of your building, it would be really excruciating to bear the heat. One easy way to cool down your home would be to paint the exterior of the roof, preferably with white paint that has the ability to reflect the UV radiation and bring down the temperature inside your home. If you can invest a little more, another effective way would be to cover your rooftop by installing solar panels that can power some parts of your home during an outage.

  1. Shield your windows:

In the summer season, the temperature goes beyond 40 degree Celsius in India. Normal windows have high heat gain. Due to this, the air conditioner’s compressor runs longer to achieve the set temperature consuming more power. Energy saving windows have low heat gain. In technical terms, windows having low SHGC (Solar Heat Gain Coefficient) should be selected. Also, covering the windows internally and externally with shutters or blinds also blocks the heat from entering into your home.

  1. Increase green cover around the home:

Everyone’s looking for ways to go green these days and save a little green these days. Increasing the green cover around your home with climbers like the money plant is an effective idea that shields the exterior walls from absorbing heat. It also adorns your home’s exterior with greenish hue. If you live in an apartment, it’s a good idea to have their potted variants, and encourage them to creep up your balcony grills. This green cover shall act as natural blind against the heat, while still letting the air. These ideas have been proven to help reduce temperature fluctuations inside the home by nearly 50 percent, thereby cooling the home and lowering your electricity bills.

Good things come at a price. If you are tired of paying hefty electricity bills every month, it would be a wise proposition to make a little investment to follow the suggested tips and lower your electricity bills.

To read more interesting blogs on reducing your bills, you can check out: Bring Down the Cost of Cooling, Why 5 Star-refrigerators are more cost-effective in the long run, What is the environmental impact of ACs, and how can you reduce it?, and many more at Bajaj Finserv MARKETS Blogs.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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