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The EnviR by Current Cost is a great tool with the  following features and functions.  Intuitive and easy to understand  Enter electricity tariffs (two can be entered)  Optional additional current probes for three-phase  measuring  Measures temperature, which is a useful tool for  analysing temperature controlled devices such as  fridges, air-conditioners   The display screen is mains powered, it uses  under 1 watt, or less than $1 annually to operate  The transmitter is powered by two D-size batteries  (included), which provide up to seven years  continuous operation   Signal range is up to 50 metres, employing  433.92MHz FM data transmission  Data can be downloaded to your computer or  uploaded to online services using the optional  cabling or Ethernet Bridge device  The monitor stores up to seven years of monthly  kWh consumption data (90 days for daily kWh)  Available are additional optional individual  appliance monitors, to separately monitor  household item usage or the energy created from  solar power system 
How much power are you  leaving on while asleep or  away from home?   How much does your air  conditioner, fridge, TV, or  computers cost to run?  Are your utility bills high?   Want to identify the  optimal temperature range  to set your air-conditioner  or ducted heating?  An energy monitor can  inform about your  electricity use, up to the  moment, hourly, daily  weekly, or monthly.   100 Watts of continuous  energy use equates to 2.4  kilowatt hours (kWh) per  day. At a rate of 30 cents  per kWh = 72 Cents per  day or $64.80 every 90  days.   
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It is difficult to understand how to reduce your running costs unless you have the tools to measure it, and analyse the data, but some of the following tips can help you save money. Reduce hot water heater level. Some people set their hot water system to heat  at maximum level, which could be 70 degrees Celsius. The higher the hot water  temperature, exponentially increases the amount of energy required to maintain  the water temperature, especially in the winter. One of the reasons of maintaining  hot temperatures in hot water is to reduce the risk of bacteria’s and Legionnella.  Maintaining high hot water temperatures also increases the risk of scalding,  especially to children and the elderly. According to the Canadian Journal of  Infectious diseases, it is safer to reduce the water temperature to 49 to 50  degrees Celsius.  Check with local authorities about the safe temperature to set  your water, to ensure you don’t create a bio-risk such as legionella, but take  advantage of savings by reducing the temperature, and reducing the risk of burns.  Reduce your indoor heating temperature, in the winter. Reduce the  temperature to your heating or air-conditioning system anywhere between 17 to  20 degrees Celsius and wear a jumper in the winter. Many people set their  heating systems up to 25 degrees Celsius. The greater the difference between the  indoor and out door temperature will exponentially require more energy to  maintain the indoor temperature.   Replace, old thermostats, they cause more energy waste  Old bi-metal type thermostats cause heaters and air-conditioning systems to  maintain temperature in the premise with large temperature swings ranging from    3 to 5 degrees Celsius. The large  temperature variations causes the occupants to  feel cold, therefore they raise the temperature to compensate. Also inaccurate  under-reading thermostats cause users to heat up the home at higher  temperatures, therefore using more energy. New digital thermostats, especially  the energy star rated thermostats can better manage the indoor climate, reduce  large temperature fluctuations, and employ programmable features that allow  users to optimise settings and climate conditions throughout the day and night,  saving you money.   Replace the old fridge  Old fridges can be highly in-efficient and use large amounts of electricity to cool  the contents. As the refrigerant levels drop from general use, the fridge  compressor works harder and uses more energy to cool the contents, to the point  where the fridge gas is completely gone. Check and replace old in-efficient  fridges.
About the Envi R 
If you can measure it, then you can fix it!
Tips to reduce running costs 
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Installed at your premise from $200 for Melbourne Metro Clients!
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Electricity Usage. There are a range of products out in the market place that can effectively assist in measuring and monitoring electricity usage. We recommend and use  the Current Cost EnviR series meters from Smart Now, as they provide simple up to the moment electricity use, which employs wireless technology to  transmit the information to the supplied LCD monitor, that can be plugged in anywhere in your home or office.   The EnviR can also be supplied with an Ethernet interface so energy use and temperature can be transmitted to Current Costs web application for daily  monitoring. EnviR enables you to effectively monitor, analyse, and make adjustments to reduce your electricity use, identify devices which consume too  much energy, or identify items due for replacement such as old fridges, and identify devices that can be optimised or better managed such as TV’s, air-  conditioning, or standby sources using lots of power.  We have been using the EnviR since May 2010 and have reduced our energy use by an average of 20%, because we were able to monitor and make  adjustments.   A Melbourne Company learned to saves up to $3000 per year by using the EnviR meter, Blog by Switchwise.com.au   
Real Power Meter Data