There’s plenty of talk in the media about falling wholesale electricity prices, renewable energy targets and battery storage – but for most households, the real question remains: how can we actually lower our energy bills right now?
The truth is, saving money on power isn’t about waiting for big market changes. It’s about making sure your home’s electrical appliances are performing efficiently and delivering comfort at the lowest possible cost.
Australia’s Energy Market Operator recently reported a 27% drop in wholesale electricity prices compared with last year, thanks to record renewable energy generation and battery storage. While that’s good news, these savings take time to flow through to households – because wholesale prices only make up around 38% of your energy bill. The rest comes from network, retail and environmental costs, meaning families still need to take matters into their own hands.
That’s where smart home upgrades come in. From high-efficiency reverse-cycle air conditioners to energy-saving heat pumps, there are now exceptional products designed to cut running costs while keeping you comfortable year-round.
And right now, Victorian households can take advantage of the Victorian Energy Upgrades (VEU) Program, which offers rebates that make switching to efficient systems more affordable than ever.
💡 Example: Replace your old ducted gas system with a modern split system and save up to $2,940 through VEU rebates — plus enjoy ongoing bill savings. See more examples here
If you’re ready to make your home more energy-smart, speak with the team at Finchetts. We’ll help you find the right solution and rebate to maximise your savings.
Learn more about the VEU Program 👉 https://www.energy.vic.gov.au/victorian-energy-upgrades