Energy regulator Ofgem recently announced that energy prices will rise in October. For most people affected, this will mean an increase of up to 10%, or about £150, in their yearly energy bills.
That said, there’s no need to wait until October to start reducing your energy consumption. In fact, starting now will give you time to get used to the changes so your energy bills remain lower throughout the year.
According to Greg Wilson, founder of insurance comparison website Quotezone.co.uk, “Although we are entering, what is hopefully, the last phase of the pandemic, and Brits will begin to spend less time at home, this does not necessarily mean that our energy bills will start to go down.”
Here are a few tips from QuoteZone on how to keep your energy bills down.
“There are many ways to tackle increasing energy costs, but the most effective is switching energy provider,” according to Wilson. “By choosing an Ofgem accredited comparison site, consumers can get an understanding of what’s on offer across a range of providers – instantly providing an overview of more competitive prices.”
Plus, switching providers doesn’t just help you to save money on your energy bills. It also allows consumers to find better customer service and seek more environmentally friendly providers.
Find ways to make your home more energy efficient
If you can afford to improve the insulation in your home, this could reduce your energy bills in the long term. Even if a major investment is not possible right now, you can still make smaller changes.
For example, you can apply temporary secondary glazing film on windows or buy thermal curtains. You can also get foam strips to draft-proof windows and doors. And according to Wilson, “A more immediate solution is to ensure you’re using efficient lightbulbs – a relatively inexpensive solution which helps reduce costs over a long period of time.”
Set your thermostat lower
“Turning your thermostat down by just one degree can help save the average home around £60 a year,” Wilson explains. Even better, consider getting a smart thermostat, which can help optimize heating. Some can even be controlled remotely via your phone so you can adjust your energy usage no matter where you are.
Lower your energy bills through tax relief
If you regularly work from home, then you might qualify for tax relief. This includes having to work from home temporarily because of Covid-19. This will result in lower gas and electricity bills, plus discounts on water usage and business phone calls. You can check whether you qualify for work-from-home tax relief through the gov.uk website.
Replace your boiler
If you have an old-style G-rated boiler, you could be spending up to £300 more on energy bills each year. Replacing a boiler isn’t cheap. In fact, it could cost you well over £2,000. But if yours is near the end of its life, consider switching to a new A-rated condensing boiler with heating controls for the biggest savings. You might also qualify for a discount or even a free boiler if you’re on a low income or receiving certain benefits.
Some offers on The Motley Fool UK site are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.