How to save money on your energy bills after price cap increase in 7 simple steps – HELLO!

How to save money on your energy bills after price cap increase in 7 simple steps – HELLO!

Ofgem confirmed that the energy price cap is set to increase to £3,549 in October, with prices expected to soar even further by January 2023.

MORE: 10 genius ways to keep your house warm without paying for heating

The news will be devastating to families who have already been impacted by the cost-of-living crisis, and who may be concerned about how they can possibly afford to pay their bills at a time when inflation has also hit 10.1 percent.

However, there are some simple changes we can make at home that could possibly save hundreds of pounds – from turning off appliances to buying a new duvet. Yes, really! Read on for seven easy ways to save money at home…

Use a smart meter

Using a smart meter can help you track your spending

Keep track of how much energy you are using by installing a smart meter. These self-reading gas and electricity meters are available through many energy providers and can provide eye-opening data on how much energy you’re using in pounds and pence, so it’s easier to see how much you’re spending.

DISCOVER: 7 best budget planning books to help save money during cost of living crisis

Turn appliances off standby mode

According to Matthew Currington, Technical Director of The Lighting Superstore, you could save approximately £35 a year simply by turning all appliances off standby mode when they’re not in use. To save even more money, unplug them too, as they can still use energy when they are turned off but plugged in.

RELATED: 13 easy home hacks to slash your electricity bill now

MORE: Simple ways going green can save you hundreds on bills

Put your heating on one degree lower

Turning your heating down slightly can reduce your bills significantly

You could save up to ten percent of your heating bill by turning down your thermostat by just one degree. A setting somewhere between 18˚C and 21˚C should be adequate for most families, but keep adjusting your thermostat until you find a temperature you are happy with.

Change your bedding and duvet

Having different weight duvets for different seasons could be a surprisingly cost-effective way to bring your energy bills down in 2022, at minimal effort. Invest in a heavier 13.5 tog weight duvet for winter nights, and you could save as much as £633 compared to keeping the heating on overnight, according to Mattress Online. Meanwhile, opting for a lighter duvet or sheets in the summer months may negate the need to keep fans running overnight to help you sleep.

MORE: 8 hidden ways your house is draining your money

Silentnight Anti Allergy 13.5 tog double duvet, £24.80, Amazon


Consolidate TV and internet providers

Signing up to receive TV and broadband connections from a single provider could save as much as £30 a month compared to using multiple companies. Uswitch can help you to find the best package for you.

Use LED lightbulbs

Air Filter experts, Filter King, recommend switching regular bulbs for LED bulbs. These are designed to save energy, and therefore last a lot longer, offering small savings that really add up. Better still, install a dimmer switch to turn the lights down so they are not always operating at full power when they aren’t needed to.

Philips LED frosted light bulbs 6 pack, £16.15, Amazon


Cancel unused subscription packages

After being lured in by initial opening offers, you may soon find yourself signed up to several subscription packages you don’t really use. From TV and music streaming packages to premium delivery services for online retailers, conduct an audit and see if there are any you no longer need or could even combine to save money.

HELLO!’s selection is editorial and independently chosen – we only feature items our editors love and approve of. HELLO! may collect a share of sales or other compensation from the links on this page. To find out more visit our FAQ page.

Like this story? Sign up to our newsletter to get other stories like this delivered straight to your inbox.

Leave a Reply