Expert tips on how to save on your energy bills
18 October 2022
8 budgeting tips: how to save on your energy bills
With the new energy price cap announced that comes into force from October 1st smashing previous caps, it’s unsurprising that energy bills are one of the biggest anxieties for all of us at the moment. We all need to stay warm during winter but how can we afford this on top of the other rising bills? Here at 10 CA, we have gathered our accountants for their top budgeting tips on how to save on your energy bills this winter.
Get a smart meter
If you don’t have a smart meter, now could be the perfect time to get one. These ensure that you can keep an eye on how much energy you are using and can easily figure out how to save by turning off unused appliances when it tells you you are consuming more energy than usual.
Send regular meter readings
Ensure you send regular meter readings to your energy supplier so that your bill is as accurate as possible. This is another reason we love smart meters - they do this for you automatically.
Look for small savings
Although now isn’t the best time to switch suppliers, there may be actions you can take to lower your current bill if you check your account. Keep an eye out in case your provider advertises a fixed deal that may suit you, and check the terms and conditions to ensure you aren’t paying for things you don’t need - like paper bills when you could go paperless.
Pay by direct debit
If you are able to, setting up a direct debit often works out cheaper than paying when you receive a bill. Some companies charge extra if you don’t pay by direct debit and this way should allow you to build some surplus credit that you can put towards higher winter bills.
Insulate your home
Adding insulation to your loft or cavity walls can stop heat from escaping your home, saving you significant cash on energy bills. Although the initial fee may be expensive, this will help you to save in the long term.
Choose energy efficient appliances
Check the EU energy-efficient rating of any new appliances that you may buy and try to use large appliances as sparingly as possible. Of course, you can’t stop using your oven but can you avoid using the dishwasher or a tumble dryer?
Turn the thermostat down
Just turning down the heating by one degree can make a big difference to your energy bills. Remember to only have the heating on when you need it, rather than all the time.
Cut shower time
A significant amount of energy is spent heating water in households, so consider spending a few minutes less in the shower. You could choose cold showers but let’s be realistic! You could try setting a timer on your phone or turning the water off while you lather.
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