Home Business Insights & Advice Energy price rise: Tips for cutting your bills

Energy price rise: Tips for cutting your bills

by Ben Jones
28th Oct 22 10:55 am

With energy bills on the rise, it was no surprise that the government stepped in to assist. The Energy Price Guarantee was brought in and this means that average household energy bill will be £2,500

This represents an increase on a previous year’s bill and with the colder months fast approaching households all over the UK are looking for ways to save on their bills. And that’s where we come in – we’ve collated three top tips on how you can cut your energy costs without losing those all important home comforts.

Switch your lightbulbs

Changing a few lightbulbs could save you a lot of money. Many utility providers recommend switching your old bulbs with LED equivalents. This small tweak could shave £50 off your yearly bills.

Plus, LED bulbs tend to last longer than their incandescent counterparts, meaning you’ll save cash in the long term too.

Go green

A second way to reduce bills is by installing smart meters or energy-saving devices. Programmable thermostats, for instance, allow you to control your heating remotely, meaning you can set them to reduce your home’s temperature when you’re not in.

Smart meters, meanwhile, allow you to keep accurate track of your consumption, helping you regulate how much energy you use.

Another way to go green is to literally add plants in your home. And while this won’t directly affect your bills, studies show that plants help reduce stress, improve air quality, and even increase happiness.

Keep an eye on the market

While the Government has announced that through their Energy Price Guarantee the average household bill won’t be more than £2,500, the energy market on the whole is still quite volatile.

However, some suppliers like Utility Warehouse still offer consumers ways to save money on energy. UW provides variable energy rates that are up to 5% less than the price cap. Customers can also fix their energy prices until the end of July 2023, and beat the price cap.
On top of that, UW customers who purchase two or more services can take advantage of the UW Cashback Card, maximising their savings thanks to cashback on everyday spending, which is then applied as a discount on their monthly bill.

Final thoughts

We hope that these tips, alongside the Government’s initiative of freezing bills at £2,500, will help you maximise savings on your energy this winter.

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