Lots of energy saving devices require big investments in upfront equipment. Solar Water Heaters, LED lights, Photovoltaics and Heat Pumps all require big expenditure to get going. They make up for that expense by saving you money in the long term. But how do you decide whether it is best to put your money into your solar water heater, or instead into a savings account? How do you deal with the fact that electricity prices are increasing EVERY year? This article will show you how!
From Wednesday, Petrol will be 45c per litre cheaper everywhere in South Africa.
So if you’re not quite empty, then hold on until after Wednesday; and if you are, maybe don’t fill up all the way!
It works the same way for electricity too. If you’re on a domestic tariff, it may be MUCH cheaper to fill up prepaid credits tomorrow (the 1st) than today (30th).
Because most South African prepaid users are on an inclining block tariff, you have to be careful when you BUY credits, not when you use them. If I spent R500 tonight on electricity tonight I’ll get 267 units, but if I buy them tomorrow I’ll get 325 units! Think about it just like your petrol tank, but it happens every single month! Waiting just one extra day can save you 20% in Cape Town, and as much as 40% if you’re on an Eskom tariff.
Luckily my Homebug tell’s me I’ve got enough to last me until then, so I don’t need to panic! When I just checked, I see I’ve got 4 days left.
Also on Homebug.co.za you can buy credit at any time you want from your phone or computer. We even let you buy really tiny amounts – as low as R20 – so you can drip-feed your meter until you get to the next month!
If only your car could be so convenient!
Inspired by a forum post on mybroadband, I decided to dig into my history books and pull out what the old electricity tariffs were.
It turns out that a house that was paying R500 per month in 2008, will be paying R2000 in 2018, but surprisingly it’s not always been price increases ever year.
With all the talk this week of Eskom being effectively bailed out by the government, you might have missed one killer detail.
It’s not just future taxes that we’ll have to pay to keep Eskom going, but also we’ll be hit in the pocket in our electricity bills. Maybe as much as R12,000 extra on your bill over the next 5 years.
Saw a handy hint from the Citizen today – we may have just escaped Load Shedding this week, but tonight and Thursday could be tight:
“Demand for Tuesday and Wednesday evening peak periods were expected to reach 32 830 MW while supply was expected to flounder at just under 32 300 MW – a hefty 530 MW gap that the utility was unlikely to fill.
The gap is expected to widen on Thursday, making load shedding even more of a possibility.
While Fridays normally bring welcomed relief, the utility said that the system would remain “constrained” this Friday.
The situation would likely only stabilise on the weekend, Eskom’s status report noted.”