5 Ways to Lower Your Energy Bills

how to lower your energy bills
Photo by Scott Webb on Unsplash

 

With the steep rise in energy costs surely you’re looking for ways to lower your energy bills at home.

A large share of your domestic budget goes towards paying for electricity and gas. With a few simple modifications, you can bring down your domestic energy consumption and reduce expenses.

Better insulation, efficient bill payments and switching to cheaper sources of energy are effective ways to lower your energy bills.

Energy prices have increased.  It doesn’t matter which major provider you receive energy from.  Consumers of British Gas, SEE, EDF and Scottish Power face 10% hikes across the board.

It has never been more important to discover ways to bring down your energy usage.

The good news is that you can achieve this desirable goal by just making a few simple changes around the home.  Even if it involves investing some money into making these repairs and modifications, the modifications you make will quickly pay you back by the amount of energy saved.

1. Get New Boilers

If your boiler is old, it is likely to be inefficient.  Almost two-thirds of domestic energy usage is from boilers.  When your boiler is efficient, it can dramatically lower your home energy consumption.

It can be quite expensive to replace an old boiler.  Good models cost around 2,000 pounds.  But despite this additional expense, it will quickly become apparent that the savings a good boiler can generate will pay for the job soon.

There are hidden expenses linked to a worn-out boiler, including repairs and replacement of parts, and the inefficient use of energy.  Choose a new boiler with a high energy rating that is listed on the Energy Saving Trust’s suggestions. You’ll be making a smart choice.

2. Switch Providers

Making the switch to a new energy provider can be a hassle.  You will first have to locate a suitable provider and might need to make some modifications at home to fit their requirements.

However, if you are paying a lot for energy usage and the amount of money you save by switching to a lower tariff provider is considerable, then it might be worth taking the trouble to make the move.

You can also try negotiating lower rates with your present supplier or changing your plan to a lower cost option.  The amount you can save by making this effort is often significant.

If you choose to explore suppliers outside the major players, then you might enjoy even greater savings although there are some risks inherent in signing up with a smaller supplier.

3. Optimize Billing

Having your gas and electricity meter read on a regular basis can make a difference when you are charged a higher tariff for heavier consumption.

You can keep track of when your meter was last read and make sure that the next reading is on schedule.  It’s important to comply with any regulations and guidelines that your energy provider makes a part of your contract.

Another way to save money on energy bills is to optimize the way you pay your bills.  Many energy providers offer discounts of up to 10% on the bill amount if you shift to a monthly direct debit system.

Your bill payments become convenient and automatic.  All you have to do is check from time to time to make sure that you aren’t being overcharged.  When suppliers debit more money than you owe, it can be a troublesome situation to get corrected later on.  Watch out for such issues and ask for a refund promptly to avoid getting into complications.

4. Reduce Consumption

Simple actions like turning the settings down on your thermostat, heater and hot water boiler can lower energy consumption.

A drop in preset temperature by just one degree can bring down energy usage by 10% and save your home 60 pounds per year in energy costs.  That is the reason why the Energy Saving Trust suggests that you set the hot water regulator at 60 degrees Celsius.

On cold winter evenings when the temperature drops outdoors, you can minimize heat loss by keeping doors and windows closed.  This helps bring down energy consumption and lowers your electricity or gas bill.

5. Insulate Buildings

A government scheme to bring down carbon emissions called CERT slaps an additional tax on electricity usage.

Under the terms of this regulation, your energy providers must insulate lofts and cavities in the homes of their customers at an affordable rate.  Sometimes they must do this for free.  The potential for saving energy through better insulation of buildings is high.

Through these five easy steps, you can bring down energy consumption at home and lower your utility bills quickly and effectively.

So there you have it… 5 easy ways to lower your energy bills.

There are many more ways to save on your energy bills and have some extra cash left in your pocket. Be sure to check out our special report on how to ‘Save On Energy Bills