Seven ways to save on your household bills

Wholesale energy prices have soared recently, so gas and electricity bills are likely to be burning a bigger hole than usual in your pocket every month.

Sharp rises in these costs have made it difficult for providers to offer tariffs that are much lower than the current price cap, but there are still ways you might be able to reduce your spending on energy.

For example, look at ways you might be able to make your property more energy efficient and reduce your energy consumption. According to the Energy Saving Trust, replacing your bulbs when you can with energy efficient LEDs on average could save you about £40 a year on bills, whilst draught-proofing windows and doors and blocking cracks in the floor and skirting boards can save around £20 a year on energy bills. Other energy saving quick wins include cutting back your dishwasher use by just one cycle per week, which will save £8 a year on energy, and spending one minute less in the shower each day, which will save up to £4 a year off your energy bills, per person.

You might also be able to reduce costs by setting up a direct debit to pay your energy bills each month, if you haven’t done so already.

Stephen Murray, energy expert at MoneySuperMarket.com said: “If you’re one of the 7.1m households that are not paying their energy bills via direct debit, you might want to reconsider. Not only is paying by direct debit easier, it will most likely be cheaper, because most suppliers often offer a discount to customers that pay by direct debit.

“Recent developments have also made paying by direct debit more attractive. New Ofgem proposals concerning ‘in credit’ balances will require energy suppliers to automatically repay any direct debit customers that are more than 5% in credit, putting an end to customers having to request their money be repaid in the event that their account is in surplus.”

Author: wpadmin

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