3 Ways to reduce the cost of your electricity bill in 2024

3 Ways to reduce the cost of your electricity bill in 2024

Reduce the cost of your electricity bill

With the rapid advancement of technology and the growth of our daily needs, the electricity bill has become a constant concern for many households and, as we enter the year 2024, the search for effective methods to reduce spending energy becomes more crucial than ever.

Below we provide 3 ways to reduce the cost of your electricity billand optimize your home’s electricity consumption, helping you not only relieve financial pressure but also contribute significantly to the well-being of the environment.

1. Reduce the contracted power in your property

The contracted power (kW) limits the number of devices and/or appliances that can be connected simultaneously to a supply without a power outage.

All of this represents a fixed term that must be paid in all billing periods, and is independent of the consumption made. Normally, kilowatts are usually higher than what is really needed, increasing the cost of the electricity bill unnecessarily.

To avoid this, it is recommended to request a power study from the marketer or use one of the many tools available online, in order to safely reduce the contracted power in the property.

2. Improve light consumption habits

As you already know, most of the cost of the electricity bill is allocated to electricity consumption, which is represented in kilowatt hours (kWh). This may be higher or lower depending on the electricity use required in the property in each billing period.

For this reason, it is vital to improve electricity consumption habits, raising awareness among all occupants of the property, carrying out strategies such as:

3. Improves electricity contracting conditions

The aforementioned will not be completely effective if the rate we have contracted has a high electricity price.

Therefore, it is advisable to use an electricity and gas rate comparator every year, in order to locate the best electricity rate for the supply, based on your energy needs and uses:

These contract terms are those that can be applied in Spain. Check the different types of electricity rates in your country to choose the best option.

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