Rising Utility Bills Take a Weight Off the Heart and Soul
UTILITIES, or more commonly known as utilities, provide services to individual households. Without utilities, we would not be able to sustain our way of life. The need for these services is in direct proportion to the population. There are millions of people all around the world who have no access to basic facilities such as clean water and electricity. Without these services, many people would not survive. For this reason, public utilities are subject to various forms of regulation and public control ranging from regional state-based governments to nationwide national monopolies.
In Australia, the electricity and natural gas sectors
form the two largest sources of domestic electric generation and domestic natural gas consumption respectively. However, the public use of electricity and natural gas is not evenly distributed across the country. Some areas are more heavily populated than others and experience greater demand for electricity and gas, causing high prices in these areas. This differential pricing leads to price variations across the country resulting in varying levels of service and quality of service in different regions. This is one of the biggest drivers of the growth in the utility sector in Australia.
One of the most common ways that people struggle
with rising, home utility bills are through increased use of wasteful practices. For example, many people install too many electrical sockets in the house resulting in an excess of electric usage which pushes up the bills. Unauthorized building work, such as extension works, also requires large amounts of space, which leads to the overuse of natural gas and water resources. In addition to being an expensive option, there is also the risk of poisoning both yourself and your pets. This is one example of a waste product that can be avoided through proper planning and discipline.
Business owners are also facing increasing pressure
from their customers as the cost of essential business commodities like water heaters and coffee brewers continues to rise. For small businesses, these types of utility costs can account for as much as 30 percent of the total monthly income. As well as having an impact on the bottom line, this can also adversely affect employee morale. With high business costs, it becomes more difficult for employees to justify purchasing items that are vital to the continued operation of their business.
Rising average gas and electricity bills
combined with the increasing use of unauthorized building work in residential areas is creating major pressures for customers to find ways to reduce their monthly utility costs. A recent survey found that almost one in five Australian consumers were struggling to make ends meet at the end of the financial year. More alarmingly, one in six Australian households were living beyond their means and not properly covering their basic costs such as electricity, gas, and water. Only a quarter of Australian families had adequate access to both utilities.
Rising costs of essential commodities
are having a profound effect on household budgets, especially as the weak economy continues to hinder job growth and job creation. To save money, consumers are taking the necessary steps by switching to greener and energy-efficient appliances, opting out of regular power cuts, conserving water, using “Green” power products, and looking for alternative forms of travel. However, as these efforts to save on utility bills have been relatively successful so far, some are now looking for ways to offset these costs by reducing overall usage. One way of doing this is to actively perform routines such as turning off lights when not in use and completing home improvement tasks with the lowest amount of energy consumption possible. Another way is to turn lights down when not needed to help reduce the need for unnecessary power consumption.