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It’s National Energy Saving Week and we are looking at ways of helping you to cut down on your bills.
Ofgem indicates that about 4% of household income goes on energy. So we’ve pulled together some top tips so that you can keep your costs down.
There are a number of ways to save money on heating, but the best solution is getting good insulation installed. Modern houses lose the vast majority of heat through their walls and roofs, but both of these can be insulated.
Cavity wall insulation can be a big money saver for most properties built after the 1930s. Government grants could also be available to cover some or all of the installation costs.
Roof installation can also save you a lot of money in the long run. Paying for thicker insulation is expensive, but it will pay itself back if you’re in the property for a long time.
Household appliances can be very expensive to run. The biggest energy consumers are fridge freezers, electric hobs and electric tumble dryers. We’ve actually written a whole guide to energy efficient fridge freezers, given that they can account for 7% of your total energy bill.
Any electrical appliance should come with an energy rating label giving it a grade between A++ and a G. The savings that can be made by getting a higher rated appliance can be significant. The annual price difference between a G rated fridge freezer and an A++ rated model could be as high as £50. Modern versions will be much more efficient even if you do need to pay a little bit of money to acquire them.
Many UK customers can save money on their energy bills just by switching their suppliers. The lion’s share of the market still belongs to the so-called Big Six – British Gas, EDF, E.ON, Npower, Scottish Power and SSE – but moving to a different supplier can help you to save a lot of money. This is particularly the case if you’re on a standard variable tariff:
The Big Six have been criticised heavily in the past for anti-competitive behaviour and the inflation of energy prices. These criticisms, along with the emergency of viable alternatives, have led to an increase in the market share for independent suppliers like Robin Hood Energy.
Independent suppliers provide cheaper quotes and different tariffs. The choice that they provide is essential for keeping energy bills manageable.
If you’re interested in seeing whether you could save money by switching, take a look at Robin Hood Energy’s tariffs today.