Energy price cap increase – how to save money

Saving money on energy costs in the UK, especially with the energy price cap has increased, requires a combination of smart habits and making informed choices. Here are some tips to help you save money on your energy bills:

Switch providers:

Regularly compare energy prices and consider switching to a cheaper provider. The price cap sets a limit on how much a unit of energy can cost, but it doesn’t cap your total bill. Switching to a cheaper tariff can still save you money. I am with E.on and they are offering £50 under the price cap. Try to understand your energy tariff. Some tariffs offer lower rates during off-peak hours. If your lifestyle allows, consider shifting your energy usage to these times.  Some energy providers offer free energy audits. Take advantage of these to identify areas where you can improve energy efficiency in your home. E.on gave us £100 for installing a smart meter too.

Energy efficiency:

Invest in energy-efficient appliances and light bulbs. These might cost more initially but will save you money in the long run through reduced energy consumption.

Smart thermostats:

Install a smart thermostat to control your heating more efficiently. These devices can learn your habits and adjust the temperature accordingly, saving energy when you’re not at home. I have a Hive and neighbours use Tado and Nest…all enable you to turn heating onto eco so that pipes are protected but heating is not on when the house is empty. Set timers on your heating system to only have it on when necessary. Also, use thermostats to regulate the temperature in different parts of your home.

Insulation:

Ensure your home is well-insulated. This includes loft insulation, cavity wall insulation, and double-glazed windows. Proper insulation helps your home retain heat, reducing the need for constant heating. We have draughts coming under kitchen cupboards and have used the Hello Fresh insulation we get with our recipe boxes to put under the cupboards…works a treat.

Energy-saving habits:

Cultivate energy-saving habits, such as turning off lights and appliances when not in use, using energy-efficient settings on appliances, and being mindful of water usage. Do this with kids as they leave everything on. Unplug chargers and electronic devices when they are not in use. Many devices consume a small amount of energy even when turned off.

Maybe little signs on doors to remind them is a good idea.

Payment methods:

Paying by Direct Debit and managing your account online can sometimes be cheaper than other payment methods.

Government Schemes:

Check if you qualify for any government schemes or grants that can help with energy efficiency improvements.

Remember, small changes in your habits and home can add up to significant savings over time. Regularly reviewing your energy usage and staying informed about available options can help you make the most of the current energy price cap in the UK.

Image by Elisa from Pixabay.