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How to Save Money on your Gas and Electricity Bill

How to Save Money on your Gas and Electricity Bill

How to Save Money on your Gas and Electricity Bill

With rising energy costs, the last thing you would want is to find that you do not get the best value for money.

Everybody seeks to cut back on expenditure. However, energy costs continue to rise. Today, the average energy costs are twice what they were a decade earlier. But you can cut down on your costs.

Worried your energy bill does not give you the best value for money? Every few hundred pounds you shave off the top can be better spent. What follows are a few tips to help reduce your energy bills.


Switch suppliers

Many have never considered switching energy suppliers. Whether you are on a rent or you own your home, you can switch suppliers. This process is way more straightforward than we like to think. Sure, it could take a couple of days to get into full effect but at no time will your gas and electricity supplies be cut off.

A change in energy suppliers could shave off hundreds of pounds on your bills. Before you begin, you want to ensure that the new supplier offers a cheaper tariff. This has become increasingly easy to do. Use a price comparison site, input the required home details, and identify the best deal for your needs. Arrange for a switch and it should be all wrapped up in about 15 days.


Cut back on consumption

The first step to becoming more energy efficient is to cut back on consumption by using less energy. Leaving the lights or other appliances on as you go to bed or head out for the day could have you paying for energy which you haven’t utilized, but consumed anyway. So, be sure to check and confirm that energy gobbling appliances are not switched on while not in use.

You can also cut back on consumption by following these few tips:

  1. Turn off entertainment gadgets when not in use e.g. Pay TV/Set Top Box, Amplifiers, DVD, Game consoles, etc.
  2. Turn down your thermostat and put on a jumper. A 1oC cut back could save you up to 10% of your heating bill.
  3. Fill up your washing machine and dish washer rather than having a go at it twice.
  4. Boil only as much water as you need.
  5. Use the line to dry clothes when possible.
  6. Use energy saving bulbs.
  7. Put a lid on your pots while cooking.


Change your payment method

Do you know that just a change in your payment method could save a lot in energy costs? Paying your energy utility bills by cash or cheque ultimately leads to increased bills. This method should be used out of necessity alone.

Traditionally, direct debit offers hefty discounts on bills. The internet is quickly changing that. Managing your payments online could cut costs as some of the best deals are reserved for online customers. Online management could also cut costs by helping you go paperless.


Make your home energy efficient

You can make your home more energy efficient, reducing the amount of energy consumed by your home. Go smart with your appliances if possible. Smart appliances that intuitively turn off when not in use could save you potential future costs while eating just a little more into your current expenditure.

Another way to make for a more energy efficient home is to insulate your house or improve upon already existing insulation. Insulation improves the heat retention capacity of your house. This makes you less dependent on gas and electricity to keep your home insulated. Upgrading your appliances to more energy efficient brands and opting for renewable energy where possible are other ways to go.

An energy efficient home is an investment that pays for itself in the form of reduced costs over the years.


Change your source of heat energy

This step might not be useful for many who are connected to the gas grid and use it for their heating needs. If on the other hand, you are one of those that make use of electricity for heating, then you need to take a step back. Standard electrical heating is expensive. About three times as expensive as gas energy heating. If you are not connected to the gas grid, you can consider other fuel sources for your heating, such as wood, kerosene and heat pumps.


Take advantage of government grants, freebies, and loans

While not available to everybody, there are government grants that could see your energy bills reduced at no initial cost to you. The government does offer grants to low income earners to make their homes more energy efficient, improve and upgrade boilers and insulation, or even help with your fuel bill. Find out if you are eligible for one and seize the chance.

If you have a good roof space, it is still possible to get you some free solar panels. Free solar panels could cut your bill by one-third, which is a large chunk of your bills. If you are comfortable with the perks involved in going solar with your home, you should check to see if you qualify and how to claim it.

If you do not qualify for either two above, take heart, you might qualify for a loan. Under the Green Deal, the government could help you borrow money against future energy savings. This loan covers more than 40 technologies including boilers, insulation, heating controls, and much more.


Fix the cracks

All of the small leaks in your home could increase your energy bills more than you can imagine. And fixing them is super cheap. Find areas around windows and door frames, loft hatches, floorboards, pipe or electrical fittings through which air can escape. Fixing these is rather inexpensive. It will not exactly save you hundreds of pounds but it will save you some and increase your comfort.


How do you go from here?

Reducing expenditure is the dream of any home. And your energy utility bills could well be reduced to save some costs and allow for other priorities on your budget. The six steps discussed above further branch off into a number of other possibilities. Not all of these are for you. Study them and find which would best fit your needs and which you can achieve soonest. Then take the necessary action. Doing nothing costs a lot more than doing something in the long run.

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