With energy bills reaching an all-time high in the current energy crisis, more and more people are looking for ways to save money on their gas and electricity bills. Keep reading for some money saving tips.
Review your energy bill
The vast majority of cheap energy deals have disappeared over the last few months so it’s not a great time to switch energy providers in hopes of saving money. However, given that prices will be rising yet again when the October price cap comes into effect, it’s worth watching to see if your provider comes up with fixed deals that could benefit you.
According to Ofgem, the price cap on non-contract tariffs rose by 54% for the typical user on 1st April 2022.
Opt for energy efficient appliances
Although buying all new appliances isn’t recommended if you’re trying to save money, if you’re already replacing an appliance, you can cut your electricity bills by choosing models that are especially energy efficient.
You can check how energy efficient a product is by checking its EU energy efficiency rating.
If you have a loft and cavity walls, you can save hundreds a year by getting them insulated. Take a look at cavity wall insulation near me to see the latest available deals and work out how much you could be saving.
Insulation works by trapping the heat in the winter and releasing it during the summer to prevent the need for air conditioning or heating – two of the most expensive features in modern houses.
Replace your boiler
With your heating alone being responsible for at least half of your yearly energy bill, replacing an old boiler with a newer and more energy efficient one will make quite the difference to your bills. However, buying a new boiler isn’t the cheapest. A new one can cost a couple of thousand pounds when you consider installation costs, so if you’re looking to save money immediately, consider whether the cost will be beneficial to you right now.
You won’t believe how much energy-saving lightbulbs can help to cut your electricity bills. An LED light bulb lasts a lot longer than traditional halogen ones and can save you a significant amount over its lifetime.
LEDs in particular are the most energy efficient of the lightbulbs available out there and use almost 90% less energy than traditional incandescent ones.
Invest in a smart thermostat
With a smart thermostat, you have the ability to operate your heating remotely using an app on your smart phone or other device. Some of the newer ones can also learn your routine and adjust your settings accordingly.
Whether a smart thermostat will save you significant money largely depends upon your lifestyle and how efficiently you control your heating already.
As you can see, there are tons of ways that you can save on your gas and electricity bills. By taking a few extra minutes to implement some of the tips mentioned above, you’ll be surprised at how quickly you’re able to save yourself some money.