Switching from gas to electric appliances can save Aussie homes thousands a year as gas prices overtake the cost of electricity.
Gas appliances now cost more to run than electric appliances, according to One Big Switch, Australia’s leading consumer buying power Network.
Households could save up to $9500 over the 12-year lifespan of appliances, but making the switch can cost close to $6000-7000 when adding up appliance and installation costs.
Despite the large upfront payment, experts say the switch is financially worth it.
“There was a time not so long ago, when gas was cheaper for your cooking, for your hot water, but electrical appliances are now cheaper to run,” Joal Gibson from One Big Switch said.
Neva Frecheville, a mum from Newtown, made the switch to electric appliances and loves it.
“Once we got it installed it’s just a world better than gas, there’s been so much change in prices, for gas in particular in the last couple of years, we just haven’t been affected by any of that”
For those who can’t afford a total switchover, experts say just swapping out a gas “heat pump” for an electric one can save households up to 60 per cent of their power bill.
The Australian Capital Territory’s government has already implemented a ban on new gas connections to start this year, and will completely phase out all gas by 2045.
