Energy saving tipsPosted on: 21 March 2016 by 50connect editorial
Are you paying over the odds on your energy bills?
Nine out of ten households in the UK are at risk of being on the wrong energy tariff and could be paying over the odds for their energy bills according to research from Loop Energy Saver.
Chris Saunders, founder of the company, which manufactures gas and electricity monitors to help consumers track their usage and spend, offers five tips for homeowners looking to save money on their energy bills.
Switching energy tariffs can save households between £200-£300 a year
Energy tariffs have a shelf life and just because you switched a few years ago, it doesn’t mean that you are still on the cheapest one. To get the best deal, you need to switch tariffs every 12 to 18 months. However, this is something that only one household in ten does (11%) and nearly a third (28%) of over 55s have never switched energy supplier. Therefore it is more than likely that you are paying over the odds.
Know what you are spending
Almost 80% of UK homeowners don’t know their daily energy costs, so the chances are that you aren’t fully aware of how much energy your house is consuming and exactly how much it costs. By using a monitor to track energy usage, you can see precisely where you are spending on energy and you will notice where you are wasting energy. Just by monitoring your usage, you will naturally start to make savings and can expect to save between 8% and 9% on bills.
Use this knowledge to make smarter decisions
By knowing what you spend, you will also be able to shop around and understand what competitors are charging. This knowledge will put you back in control and empower you as a consumer and enable you to negotiate with your own supplier for a better deal or switch to a different one.
Are you wasting energy without realising?
There are a huge number of people who are spending on energy without noticing and wasting pounds in the process. It is easy to forget that you have set the boiler to come on for extra time or leave appliances on standby, therefore, we recommend regularly completing an energy MOT. This entails looking at all of the places in your home that consume energy and identifying objects that can be switched off at the mains when not in use. Once you are aware of these spots, you will be more vigilant and automatically start to switch them off and cut bills.
Arrange a hot date with your thermostat
The thermostat is often the source of many family arguments and it is also the culprit of many wasted pounds on energy bills. The problem is, that when people increase the thermostat, perhaps when coming in from the cold on a wintry evening, they often forget to turn it back down again. According to the Energy Saving Trust, for every degree higher that the thermostat is set, you can expect to pay around £90 extra per year. To avoid wastage, arrange a date each month to check the thermostat and ensure it is set to a sensible temperature.
Last edit March 2016.
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