How to save money on your energy bills

Published: 10 September 2007 By MoneyhighStreet Staff Leave a Comment
Updated: 4 February 2010

Bill

Energy prices have soared in recent years and have now account for a significant proportion of any household’s monthly bills.

Recent events such as Live Earth have brought energy conservation to the top of the agenda worldwide as the need to achieve sustainability becomes ever more urgent.

However, the benefits of conserving energy can be felt in your pocket too as there are simple steps you can take to cut your energy bills dramatically.

Electricity prices have risen 50% since 2003, while gas prices are up 90%.

Fortunately there are significant savings to be made. There are now a number of energy companies on the market, and increased competition means you could save significantly by switching.

Using an energy comparison service such as that offered by Confused.com or uSwitch.com you can quickly and easily assess what’s available to you and select the best plan to save money.

Making a switch of energy supplier is easy, easier than you might think.

Also examine your payment method, there’s invariably money to be saved by paying by direct debit and opting for an online energy plan.

However, further significant savings can be made by being more energy efficient in your home.

Here are just a few of the things you can do to save dramatically on gas and electricity bills:

  • When buying any home appliance such as a cooker or a fridge, be sure to buy one with the Energy Saving Recommended logo.
  • Don’t leave your domestic appliances on stand-by, turn them off completely when they are not in use and try to switch off lights when you are not using them.
  • Use energy saving lightbulbs. These lightbulbs last 10 times as long as traditional bulbs, use a fraction of the energy and will save you money in the long run.
  • Only use the light you need. Do not light a whole room if you only need light in one area.
  • Only use your dishwasher and washing machine on a full load and use cold or lukewarm water. Also, try to use them at night to avail of cheaper electricity prices, and try to dry clothes outside on the line rather than in the tumble dryer.
  • Insulate ceilings and seal gaps to prevent draughts. Make sure that all windows and doors in a heated room are shut.
  • Electric blankets should only be used to warm the bed. Turn them off before you go to sleep.
  • If you turn your heating in your home down by just three degrees you will use 10 percent less energy. Also, use timers so that heating comes on as and when you need it.
  • Most homes lose massive amounts of warmth in winter time due to poor insulation. Fit good windows and insulate the roof of your house to keep heat in and save on energy. A lot of money can be saved by making your home energy efficient.
  • Contact your local electricity company to see if they have any green energy schemes.
  • Fit lagging jackets on all hot water cylinders to avoid heat escaping too easily.
  • Make sure you computer is in ‘energy saving’ mode and be sure to turn it off at night when you are not using it.
  • When cooking, try to make use of energy efficient devices like slow casseroles, deep fat fryers, microwaves and pressure cookers. Conventional ovens use a lot of energy so use them sparingly.

Most of the hints and tips listed above are simple lifestyle and habit changes and will cost you nothing. In fact, you could save a significant amount of money by following some, or all, of these points.

Energy bills have soared in recent years and all the indications suggest that they are going to rise further in the future. So the sooner you adopt an energy efficient lifestyle, the better.

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