7 Tips to Save Electricity at Home

It’s important, now more than ever, to save on electricity at home and reduce our power bills.  That’s why we’ve put together this handy guide on how to save electricity – from easy switches like turning standby off to introducing modern technology to your smart home.

1. Switch to LED bulbs

One of the easiest electricity-saving tips is to make the easy switch to LED bulbs.

LED bulbs use less power than traditional lights and they give off more light while they’re at it! They can cost a little bit more to purchase them to begin with, but you’ll more than make up for it in your savings.

If you want to make your home a smart home, you can look into smart bulbs that can sync with your phone to adjust the colour of the bulb to whatever you like – mood lighting is just a tap away.

2. Use a smart board

We all have a lot of appliances. We know what a precious resource power outlets are, so most of us end up using power boards. The thing is, we’re hardly ever using all of the appliances that are plugged into the same power board at the same time, especially in the kitchen (it’s rare to toast something and use the blender at the same time).

A smart power board can sense when an appliance is in standby mode and it will stop sending power to the appliance, saving your power bill. This is another tip that comes with an initial cost, but it has long-term benefits.

3. Turn things off when you’re not using them

Lights and appliances that are left on in the night are known as ‘vampire appliances’ because they’re sucking away your energy while you sleep at night.

Turn off all non-essential power users before you go to bed. Or, better yet, turn them off whenever they’re not in use. Consider Earth Hour Day – the things we turn off when we celebrate Earth Hour are things we can survive without, so turn them off whenever they’re not strictly needed. The lights don’t need to be on in the bathroom when no one is in there.

Vampire appliances are one of the first things you should cut out when considering how to reduce an electricity bill.

4. Replace older, less efficient appliances

So by now you only have your appliances using power when you need them, but they’re still using more power than they need. Older products are less efficient and use more power than they need to. Check the energy ratings for your appliances and see if any are ready to be replaced with more efficient versions if you’re looking at how to save electricity at home.

If you need to complete renovations or upgrade appliances to save money in the long-term, consider a short-term loan to achieve your goals.

5. Air dry your washing

Of all the household appliances that use power, a clothes dryer is one of the worst offenders, and on a warm day, you don’t even need it! Clothes dryers use a lot of energy as they need to spin and produce heat to properly dry your clothes.

A clothes line strung up in the backyard, on a balcony, or in front of a window (if you live in a small space without an outdoor area), will do the job just as well and won’t cost you a thing. It’s one of the easiest ways to save electricity at home.

As an added bonus, UV light is a great disinfectant and will kill any germs you might have left on your clothes. That means you can rely less on higher temperatures when washing your clothes too, to save even more power.

6. Optimise your appliance usage

If you use a dishwasher, a washing machine, a clothes dryer, or any large appliance, make sure you do a complete load every time. You’ll end up costing yourself more when the power bill comes in if you run your appliances when they’re not completely full. It might mean waiting a little bit longer for your favourite top or mug to be clean and usable again, but it’s worth it when considering how to save electricity.

7. Insulate your home

Another option that will have up-front costs but long-term savings is home insulation. It can make a massive difference on your power bill.

Insulation is also one of the best ways to save electricity without you having to do anything yourself – the insulation does it for you. If you can’t afford insulation right now or maybe you rent your home, invest instead in high-quality curtains and draught stoppers for your doors. This will help to stop warm air from escaping or cool air from dispersing out.

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice – Moneysmart.gov.au.

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat