As the temperature drops across much of Australia, energy retailers forecast skyrocketing prices, adding to the already daunting cost of living. With electricity prices predicted to rise by as much as 30% in some states, Aussies on a budget need to find creative ways to keep warm without breaking the bank this winter.

Fear not, SDC members; we're here to help you with some tips and tricks to ensure you stay cosy during the chilly season without spending a fortune.

Australian individuals trying to save money must discover innovative methods to stay warm during the winter season without exceeding their budget. Image by giovanni gargiulo from Pixabay

The Australian Energy Regulator (AER) revealed its draft default offer earlier this year, warning that prices could have increased by a staggering 50% if the government had not stepped in to cap them. Increases in wholesale energy costs, driven mainly by global gas shortages due to the war in Ukraine, are the primary cause of this price surge.

Despite the grim forecast, the end of La Nina brings some relief as we can expect less rainfall and a return to normal or above-average winter temperatures in many parts of the country. Nevertheless, with average minimum winter temperatures in southeastern regions ranging from 0° to 9°C, we still need to find ways to stay snug without financial strain.

Young Australians, particularly those feeling the pinch more than other demographics, have to become the most adept at thriftiness during colder months. Iona Grace, 25, living in an uninsulated apartment in Sydney's Surry Hills, shares her experience and advice on making do with less. With no central heating or insulating curtains, Iona layers up and uses a space heater to combat the cold only when 'things are dire’.

Seal Windows and Doors​

If you're looking for affordable alternatives to central heating or insulation, we've got you covered. While insulating walls and ceilings may not be an option for many, especially renters, there are temporary and inexpensive ways to make your home warmer. Some of these hacks include sealing windows and doors with weather stripping or door snakes, laying rugs on cold floors, and hanging thick or thermal curtains.

Attach Bubble Wraps to Windows​

Additionally, Facebook users have sworn by attaching bubble wrap to windows for extra insulation. If you're in the mood for something more unusual, placing a clothes airer laden with wet clothes in front of a heater can help trap hot air, drying your clothes faster and circulating the warmth more effectively.

Reverse Cycle Air Conditioner​

Choice Australia, a consumer advocacy group, has compared various heaters' installation and running costs to determine the most wallet-friendly options. Long-term, a reverse cycle air conditioner provides the best value, generating more heat per unit of electricity than other heaters. With an upfront cost of $1273 (excluding installation fees), these heaters cost only $163 to run each winter. However, this may only be a suitable option for some due to the initial investment or ineligibility for renters.

Oil Column Heaters​

For more portable heating solutions, oil column heaters emerge as the cheapest, costing less upfront and around $300 to run throughout the season. These heaters are also safer than space heaters, which have been responsible for over 40% of home heating-related fires in the past. Portable heaters are perfect for heating individual rooms when few people are around, eliminating the need to heat the entire home.

Heated Blankets​

Another clever, cost-effective option is heated blankets, which typically only cost around $10 to run throughout the winter season. These blankets ensure you're snug and warm without burning extra dollars.

Maintain an 8°C Difference​

When it comes to running an air conditioner, Choice Australia suggests maintaining an 8°C difference between the aircon and outside temperature for optimal warmth and cost-efficiency. Be mindful of constantly increasing your aircon's temperature, as the harder it works to heat the room, the more electricity it uses (and therefore, the more it costs you).

Government Initiatives to Help With Energy Costs​

For those struggling to keep up with rising energy costs and the chilly weather, government initiatives have been put in place to help make the heating bills a bit easier.

The Home Energy Saver Scheme, launched by the New South Wales government in 2019, helped over 10,000 households save on carbon dioxide emissions and energy bills. The scheme also gives seniors rebates on energy-efficient heating solutions, including solar hot water, lighting, and insulation for ceilings and walls.

The Australian Capital Territory (ACT) also provides a range of government subsidies for energy-saving measures, including insulation, solar hot water and heating systems.

Ultimately, there are government initiatives in place to help seniors keep up with the rising energy bills. It’s important to take advantage of these schemes, so contact your local government and energy retailer to find out what energy-saving programs are available in your state.

You can also read our Pensioner Concessions eBook, which lists available discounts in each state or territory.

Key Takeaways

• As the cost of living continues to rise in Australia, energy retailers predict soaring prices during the winter months.
• Australians are sharing their favourite tips and tricks for staying warm while saving money during the cold season.
• Insulating walls and ceilings, sealing windows and doors, and using thick curtains can help keep homes warm for less.
• Portable heating options such as oil column heaters and heated blankets can be cost-effective choices for staying warm throughout winter.

Don’t forget that making small changes to your lifestyle can contribute to a toasty atmosphere this winter. So, embrace the chilly months ahead, and stay warm without breaking the bank. Seniors, do you have some tips for staying warm during winter on a limited budget? Feel free to share your suggestions below!

 

[Mr Chips]

Move to North Queensland and back again in the summer.