Electricity prices are on the rise: how can you minimise your costs?
If you run a small business on the East Coast, you could soon see your electricity bills climb by between 4.2% and 8.2%. That’s the latest from the Australian Energy Regulator’s draft pricing update for 2025–26.
Power is a major expense for many small businesses, and a rise like this can hit your bottom line hard. The good news? There are smart, practical steps you can take to reduce the impact.
Here are four key ways to help keep your electricity costs under control:
1. Boost your energy efficiency
Get your team involved in cutting back on unnecessary power use. That means switching off unused equipment, enabling energy-saving modes on computers and machinery, and replacing old lighting with energy-efficient LEDs. These small changes can make a big difference and help reduce your carbon footprint at the same time.
2. Consider solar power for your premises
Installing solar panels could be a game-changer. Not only can it lower your power bills, but you might also benefit from selling excess energy back to the grid. There are government rebates and incentives available to help cover upfront costs, making solar a more accessible and worthwhile long-term investment.
3. Shift your usage to off-peak times
Electricity is cheaper during off-peak periods. If your operations allow, consider rescheduling high-energy tasks—like running machinery or charging equipment—to early mornings, evenings or weekends. A few simple changes to your schedule could lead to serious savings.
4. Shop around for better energy deals
Don’t just renew your current energy contract without reviewing your options. The market is competitive, and you might find a better deal with another provider. Look for lower rates, flexible terms, or plans tailored specifically for small businesses.
Want help reviewing your energy costs?
Utility bills are rising across the board—electricity, gas and water. If you’d like to stay on top of your expenses, we can help you track your usage, manage your energy budgets and explore ways to reduce your outgoings.
Book a time with us to talk through your energy costs and how we can help you manage them more effectively.
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