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Market Review - July 2019

Stretch your electricity budget


Stretch your electricity budget

Many cost-conscious consumers who have converted to prepaid electricity to cut their energy bills, are still spending excessively during winter months due to increased electricity usage and increased tariffs.

FNB Namibia shares six tips on how consumers can lower their electricity bills this winter:

  • Lighting − always use energy efficient lights and avoid switching on lights in rooms that you aren’t using at night.
  • Gas− consumers that use gas heaters and stoves can reduce their electricity bills substantially in winter. Although converting to gas may require a large investment initially, consumers will save in the long term.
  • Geyser − the bulk of electricity in most households is consumed by geysers, especially in winter when it is much colder. Installing a geyser timer to manage consumption during peak times can help consumers to save.
  • Refrigerator − old freezers generally use more electricity than new ones as they work harder to maintain cool temperatures. Consider servicing or replacing your old fridge to save on electricity costs.
  • Appliances on standby mode − appliances that are not completely switched off and remain on standby mode such as TV’s, decoders and microwaves, collectively consume a lot of electricity by the end of the month.
  • Pool − cover your pool in winter when you are not using it as pool pumps and filters use a lot of electricity to keep it clean.
With electricity costs continuing to increase, it has become imperative for consumers to continuously look for practical ways to reduce their consumption.

Any form of saving can go a long a way in helping everyone cope in these tough times.

To help you save time and money we encourage all our customers to purchase their pre-paid electricity via online banking, cellphone banking, eWallet, FNB ATM or on the FNB App. It is easy, fast, efficient and free of bank charges.

You can chooseprepaid electricity denominations between N$50 and N$1000 and the money is debited directly from your account.


For more information, please call: 061 – 299 2222 or visit www.fnbnambia.com.na

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