The how, what and why of home energy management

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Energy Saving Tips

Published October 18th, 2017 by Kirsty Waterford

Energy management

What is energy management?

Home energy management is the process of monitoring, controlling, and conserving energy at your home.

It is a way to see simply and clearly how much energy your household is consuming.

With electricity prices on the rise squeezing household budgets, knowing how much energy your household uses and when can help you save money on your electricity bills and reduce your carbon footprint.

Electricity bills usually only show how much total energy your household uses, and aren’t helpful for identifying areas where you can reduce your electricity usage.

But, a home energy management system can help you track your energy use so you can find trends and opportunities for change.

But what is a home energy management system? And how can it help to reduce your electricity bill?

What is a home energy management system?

A home energy management system is a technology platform that has both hardware and software that assists you to monitor your household’s energy usage and production and to control and conserve energy usage.

How does a home energy management system work?

Home energy management systems track and record when your household uses electricity using hardware installed at your house and software connected via the Internet. You connect and interact with it via on your computer or an app on your smartphone or tablet.

The hardware is usually installed with your home’s electrical board and acts as a communications hub relaying messages from your home to you, and sometimes to your electricity company.

The software monitors and records all the ingoing and outgoing data and communications. So every time you switch on a light or turn on the dishwasher, it is recorded and translated into an easily read format, usually via a smartphone app or on your computer.

How can a home energy management system reduce your electricity bill?

Electricity monitoring

With smart energy management systems, you can monitor your household’s energy usage in real-time, and even get predictions for your household energy usage. Letting you plan the best times to use energy and still reduce your electricity bills. Needless to say, the less electricity your household consumes, the less your electricity bill will be.

You can monitor your electricity consumption and reduce your electricity bill by using your energy draining appliances at times when electricity prices are lowest. Some electricity plans charge different prices at different times throughout the day for using energy. By timing your appliances to come on when energy is cheapest you can save big on your electricity bill.

Solar monitoring

If you are one of the more than 1.64 million Australian households with solar panels on your roof, you can reduce your energy consumption by using your most energy draining appliances such as the dishwasher or washing machine when your panels are producing more energy than your household is consuming.

Battery storage monitoring

More and more Australians are turning to battery storage to capture the electricity they’re producing from their solar panels. Battery storage is the key to lower electricity bills and the future of our electricity grid. In order to maximise the value of your solar battery, it is important to have a smart management system that knows what electricity plan you’re on. Store power in your battery when prices are low, ready for you to use when prices are high – minimising your need to buy electricity from the grid during these times.

Price management

Keep track of how much you’re paying daily for energy and see if any of the energy management changes you’ve implemented have made a difference to your electricity bill.

Know exactly what you’re paying for your electricity and how the cost is broken down. See how much you earned from your solar feed-in-tariff and whether you sold your stored energy into the grid.

Learn more about Reposit

Reposit saves you money by understanding when and how you use your electricity. Give one of our friendly staff a call or request more information. We can help you identify the right system for your home to help you maximise your savings.

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