Counting the pennies: How to cut your energy bills by a third

Man calculating savings and costs. Over the shoulder viewRecently consumers in the UK have been reading about energy prices that seem to be plateauing or, in some instances, being either frozen or reduced by up to 5%. However the underwhelming response from consumers is unsurprising, particularly as the UK has seen unprecedented energy price rises over the past decade.

In a world where we, at best, can look forward to only high prices that are frozen for the foreseeable future, it’s important that we continually look to ways in which we can reduce our energy bills. So, with this in mind, here we present plenty of ‘must know’ tips for those who want to reduce their energy bills by anything up to a third.

 

So, how much will you save?

The average energy bill for a household within the UK comes out at £1320, which is a staggering doubling of what it was just ten years ago. So, based upon this figure, the tips here should aim to reduce your bills by a third and for the average home this would then equate to a saving of £440, taking the annual spend down to £880 (BBC).

 

First and foremost: Tackle your supplier

The most important thing that you can do to drive down your bills is to switch suppliers. Thankfully consumer supermarket websites are making this easy and, on average, save the consumer £301 (Which?).

 

Step two: Review your usage

What is it that you spending most of your money on? Electricity? Gas? Do you even know? Being unaware of what your energy usage is based upon is a sure-fire route to being wasteful. This is highlighted by the following pretty surprising statistics:

  • Items left on standby account for 4% of the average household’s bill (that’s £53 a year! [Energy Savings Trust]).
  • Lights that are used unnecessarily account or up to 72% of the energy that is produced from mined coal (Visually).
  • 25% of each energy pound spent is spent upon heated water – so check the health of your boiler, and consider replacing it if it proves to be particularly inefficient (Networld Alliance).
  • 90% of the energy that is used by washing machines is from the heating of the water – using cooler washes then cuts down the energy use of washing machines considerably (Sustainable Blog).

 

Step three: Find out whether you’re eligible for Governmental help

picture of the governments green deal websiteThe UK Government has signed up to some pretty tough green targets, and in a bid to help them meet them they’ve put together a wide range of financial aid packages to help consumers do everything from insulating their home, to replacing their boiler.

So check out their Green Deal website to find out more about whether they cut help you cut the cost of your bills.

 

Step four: Be washing machine and dryer savvy

Old, inefficient washing machines and dryers are known to be pretty significant energy wasters compared to their new, slicker energy focused counterparts, so think about replacing one or both of these items if your budget allows.

 

Step five: Follow a few good energy saving practices

Finally you should always be mindful of following a select few energy saving ‘good practice’ tips, which include:

  1. Turning off all appliances after use.
  2. Opting for showers over baths, and cutting down your showers by one minute (which will save as much as £10 per person per year!).
  3. Only filling the kettle to a level that you need (this could save £7 per year).
  4. Opting for a washing up bowl over leaving the hot tap running (this could save up to £30 per year).

 

 

 

 

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