Electricity prices are rising globally. In recent weeks there have been alarming reports coming out of the United Kingdom and Europe as they head towards the winter months. The Russia-Ukraine war threatens the stability of the energy supply chain with more demand being placed on other countries to supply coal and gas as an alternative to Russia. The impacts of raising wholesale prices (what retailers pay for the electricity they supply to end user) are being felt in some way or another across the world, including in Australia and New Zealand. While a focus on renewable energy has bolstered some of these traditional energy source shortages, they are more prone to being impacted by environmental factors, like extreme weather events, lack of rainfall, sunshine hours and wind. Coupled with this is a raising demand from consumers for electricity.

The number of appliances and interconnected electronic devices continues to grow with users having more electronic devices in their homes that require power to operate. Some figures show Australian consumers have rapidly increased the number of devices in their home with an average home now having 6.7 internet connected devices¹. Higher electricity prices are significantly impacting lower income families and elderly pensioners, the more vulnerable groups in our society. Chiptech have been asked more than ever about how much power our products consume. We have taken some time to look at our products mains power consumption, which has been calculated to give an indication of how long the device will operate on 1kWh (kilowatt hour). A kilowatt hour is the primary unit that suppliers use for measuring and calculating your power consumption.

Product design includes the testing and selection of energy efficient plug packs, for powering Chiptech Products.