There’s not been much let-up with energy costs and the general cost of living. It’s stressful and it puts a strain on our budgets.
You’re not alone though – these practical tips will give you more control over your spending on energy.
Audit your energy usage
Start by understanding how and when you use energy in your home. Get a smart meter installed – you’ll be able to see exactly, in real time, how much energy your appliances and gadgets are using. For example, boil the kettle and have a look at the smart meter – you’ll see the increase.
Energy suppliers are installing smart meters as part of a national government programme to replace older energy meters, so just ask whoever you’ve got your gas or electric with.
Top 5 appliance that use the most energy
- Dishwashers, washing machines and tumble dryers (14% of typical energy bill)
- Fridges and freezers (13%)
- Electronics like laptops, TVs and game consoles (6%)
- Lighting (5%)
- Oven, kettle, hob and microwave (4%)
Explore renewable energy options
Renewable energy sources are becoming more affordable and realistic, but it’s going to depend onyour circumstances. There could be a significant outlay at the beginning before it pays off, so while it might not be right for you at the moment, it’s good to know what technology is here to help.
Common renewable energy sources can be categorised into two main types:
- They generate electricity (solar panels, wind turbines, hydroelectricity).
- They generate heat (solar water heating systems and heat pumps).
Is renewable energy right for you? The options will have to take into account the size of your property, your energy consumption, your financial situation, and your access to sunlight and wind.
There are government grants and subsidies available to help you with the cost of installing renewable energy technologies.
It’s important to do your research and talk to a qualified installer before making any decisions.
Search for better utility rates
Contact your utility provider to see if they have any other tariffs available, as you may not be on the best deal. Talk to them about both fixed and variable options. Also remember that the Energy Price Cap changes every 3 months, so if you fix now and energy prices drop, you may end up paying over the odds.
Bundle your utility bills
Energy suppliers like Utility Warehouse (UW) will give you a discount when you take more of their services. As well as gas and electric, they do broadband, mobile phone sims and insurance – the more you have, the more you save.
It’s also quite handy to have all these services under one bill – we find it’s much less hassle.
UW have just announced their Fixed Saver 11 tariff – take three of their services to get cheaper bills than the January energy price cap.
Encourage energy-efficient habits
It’s time to become the family nag – whether it’s your actual family or your roommates – get everyone excited about saving money. You’ll bring your bills down if you’re all in it together. Encourage them to turn off lights, appliances, and electronics when not needed.
Upgrading to LED lights is a game-changer – they last for years and run at a fraction of the cost of halogen bulbs.
For cooking, look at slow cookers and air fryers as a way to use less energy.
If your wet appliances (washing machine, dishwasher) have eco modes, then try them out, too.
Utility Warehouse (UW) has another way to save even more money off your bill – earn 10% cashback with their Cashback Card. It’s simple:
- As a UW customer you’ll get the Cashback Card automatically.
- Load it with money and use it for your everyday spending.
- Get between 1%-10% back, depending on the retailer.
- This credit comes off your bill – a bonus saving from money you would have spent anyway.
Rising energy costs don’t have to be a constant source of frustration. Use these money-saving tactics to take charge of your energy expenses, reduce your environmental footprint, and enjoy a more sustainable and budget-friendly lifestyle.