Energy bills for UK households to increase by £139
Make the most of your money by signing up to our newsletter for FREE now
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Millions of UK residents are bracing themselves for a miserable winter after Ofgem announced energy prices will rise in less than a month’s time. However, Brits are being urged to offset the price hike on their fuel bills by following the advice of experts to keep energy costs down – doing so could actually save a typical household over £1,000 a year.
It’s no surprise that as the colder nights draw in, energy prices are expected to rise again but there are ways to offset the cost which is expected to add around £139 a year to a typical household’s gas bill.
For Brits on their supplier’s standard tariff – it’s best to switch to see if they can get a better deal – but as well as this consumers are being reminded that there are other things they can do to reduce how much energy they use.
Small changes like turning down the thermostat and replacing your old boiler can add up to thousands of pounds in savings over the year and massively reduce how much you pay to your gas and electricity supplier.
Up to three million households could also be eligible for the Warm Home Discount of £140 which is awarded around March, yet not everyone is claiming what they’re entitled to, energy experts fear.
Swapping old appliances for newer models can save hundreds of pounds a year (Image: Getty)
How to offset the energy price hike?
If a boiler is old it’s unlikely to be as efficient as newer models and, although it’s expensive to replace, it will save money in the long run.
An energy-efficient A-rated model could knock off £315 a year on heating bills according to Energy Saving Trust.
Those on a low income or certain benefits should see if they qualify for a grant which could help them with up to 50percent of the cost.
National Insurance BOOST: How much is National Insurance? Planned NI increase in full [UPDATE]
The State Pension is worth £200,000 – 7 ways to make sure you get the maximum amount [ANALYSIS]
Capital gains tax warning: Savers told to act soon to avoid ‘significantly higher bill’ [WARNING]
People who haven’t switched energy suppliers in the last 12 months should compare companies as they could save £328 a year.
However, it’s important to input usage – if comparing online – so the quote you receive is a true reflection of potential savings.
In addition, check if a new company offers the Warm Home Discount if applicable before switching. Some of the smaller companies with less than 250,000 customers may not have signed up to the scheme.
What finance credit deals are availble (Image: Getty)
Swap to energy-efficient appliances/use them less:
Those looking to cut down on their energy should consider ditching the dishwasher and tumble dryer or at least use them a lot less.
Research by Which? shows that choosing more efficient kitchen appliances could save households up to £275 a year.
Savvy billpayers who heed this expert advice could save over £900 a year, which added to the Warm Home Discount of £140 for those who qualify – brings potential household savings to over £1,000 a year.
Further instructions and SEO advice can be found here
What is happening where you live? Find out by adding your postcode or visit InYourArea
Implementing these changes would more than offset the latest Ofgem price increase of £139 a year and leave consumers with a lot more money in their pocket.
And, as well as these four main changes, smaller alterations like switching appliances off at the wall and not leaving them on standby could also make a difference.
So can spending less time in the shower and filling the kettle up less – together these steps could save a typical household another £160 over the year.
People on Pension Credit and low incomes should check with their supplier to see if they could be eligible for the Warm Home Discount.