How much $1 power really buys you
Get more bang for your buck. This is how $1 of electricity will power your home.
One dollar doesn’t buy you much these days. It won’t get you a stamp, nor a litre of petrol – but it will get you 550 hours of lighting, or 20 hours of power to the TV, or a 15-minute hot shower.
A recent analysis by industry body Energy Networks Australia quantified how much power a single dollar will get you around the home and the results are surprising.
Feel like toast for breakfast? Well, based on a flat retail contract electricity tariff of 30c/kWh with no discounts, a dollar will buy you enough power to toast 160 slices of bread.
If you don’t want to wash the dishes by hand don’t fret about using the dishwasher because at around 30 cents a load, a dollar buys you three loads.
A single roast dinner will cost you a dollar’s worth of power and your buck will buy just two hours of split-system air-conditioner cooling compared with 20 hours using a ceiling or portable fan.
Andrew Dillon, chief executive officer of Energy Networks Australia, says breaking down energy costs into $1 amounts gives customers a better understanding of the relative cost of everyday appliances and how their energy use may impact the grid at peak times.
“Electricity bills and energy ratings can be confusing, which is why we’ve put these figures in terms of what one dollar can get you,” he says.
It also puts some running costs into perspective. “Charging your phone or running your smart home device is unlikely to have a huge impact on your bill as one dollar can get you months of usage,” Andrew says.
He says the type of appliance you use and how you use it can have a significant impact on your power bills and the demand you place on the energy grid.