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How to save money on your energy bills

Written byKoyo Loans
Last Updated18th November 2022
Contents
  • Change supplier or tariff 
  • Reduce your consumption 
  • Install a smart meter 
  • Check if you’re eligible for benefits 

Energy bills can get out of hand quickly, particularly if you’re not on the ball. With rates constantly changing and multiple providers out there, it’s smart to regularly review the tariffs that you’re currently paying. Without further ado, let’s look at some ways that you can save money on your energy bills. 

Change supplier or tariff 

Your first port of call should be to look into your current supplier and tariff. Using a service like Uswitch is an easy way of comparing energy prices in your area. You can run an energy comparison through the site by submitting your postcode, and you will immediately see other suppliers and tariffs available. If you find something that is cheaper than your current rate, you can switch providers just like that. 

Reduce your consumption 

It might sound obvious, but reducing your energy consumption is an excellent way of reducing your bills. Although simple, the following steps can help: 

  • Run your washing machine at 30 degrees and only wash when you have a full load 
  • Stop using your tumble dryer or at least use it less
  • Switch the lightbulbs in your home to ensure they’re LEDs or at least energy-efficient bulbs 
  • Turn off your plug sockets when they’re not in use and remove all devices from standby
  • Regularly check the temperature of your fridge and ensure it’s between 3-5 degrees 

According to the Energy Saving Trust, making the above changes while practising good habits like switching off lights, draught-proofing your windows and doors, and spending less time in the shower, can combine to offer homeowners savings of up to £248 per year.

Install a smart meter 

A smart meter indicates how much you’re spending on gas and electricity. In the UK, most homeowners can get a smart meter for free and it’s a worthwhile installation. By regularly checking on your consumption, you can look for ways of reducing your energy bills and changing your behaviour. Also – by keeping a constant eye on what you’re spending, it makes it easier to make the necessary changes to your lifestyle. 

Check if you’re eligible for benefits 

If you’re struggling to pay for your energy bills, you might be eligible for state benefits. While your eligibility depends on your situation, you might be approved for benefits if: 

  • You’re of the state pension age 
  • You have a disability 
  • You have no or low income 
  • You have a history of missing payments to your supplier 

This Citizen’s Advice article explains in detail the various benefits that you might be able to access if you’re struggling to pay your energy bills.

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