Energy Bills Rising £139 - Will You Switch?
In the News
Today Ofgem, the energy regulator, announced the biggest increase in a decade. Average energy bills increasing £139.
15 million households will be affected (half the population).
Today, I was on GB News shouting about this, raising awareness that people need to switch energy provider, or to a better deal to save money.
Ofgem estimates an average of £300 can be saved by switching to a better plan, with savings available if you haven’t switched in 12 months.
So, will you switch? Or are you happy to pay an extra 15%, £139?
How to save money on your energy
- Switch Energy Provider
- The number one thing you need to do is switch energy provider.
- 11 million households are being ripped off with the most expensive fees because they haven't switched.
- If you can't remember the last time you switched, that's probably you.
- Ofgem estimates that the average household can save £300 a year by switching.
- The best time to switch is before Winter, right now, so you're on the cheapest plan when you use the most energy.
- And as an added benefit, more and more now, the cheapest plans may also be from renewable energy sources, so it's better for the environment.
- To switch, look for the latest deals on comparison websites or just call a few companies and see how much you can save.
- Get a Smart Meter -
- If you don't have a smart meter, ask for one.
- Smart meters automatically measure how much you have used, and get you an accurate bill.
- If you don't have one, energy companies guess when they bill you - before doing a manual check at some point. So you can end up paying more than you need to.
- If you can't get one, then do your own energy readings regularly and update it on the energy company's website.
- Turn Down the Thermostat -
- The Energy Saving Trust says that turning down your thermostat by just 1ºC could cut heating bills by up to £75 a year.
- Knock it down a degree and pop on a jumper and you can save some money.
- Government Warm Home Discount -
- If you are on a low income, or get the Guarantee Credit element of Pension Credit, you might be able to get the Government's Warm Home Discount.
- From October to March this year, you'd get a £140 discount on your energy bill.
- It's not cash given to you, it's a discount on your energy bill
- You can check if you're eligible online.
For more tips, read our money-saving guide on How to Save Money on Your Energy Bills.
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