News that energy bills are going up again emerged this week as experts at Cornwall Insight predicted the average household will have to fork out £4,266 a year for their energy bills from January. However, there are two simple tips people can adopt to make savings of up to £970 a year.
As the price of energy bills continues to dominate the headlines, more bad news came to light this week as the experts at Cornwall Insight confirmed things are about to get much worse.
Already the average household is struggling to pay soaring energy bills after the energy price cap increased by 54 percent in April of this year – the largest annual increase on record since 1970.
Some people have been calling for Britons to cancel their direct debits in protest of how much energy bills are skyrocketing.
However, personal finance experts are warning against cancelling direct debits as it could land people in more hot water.
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Founder Ben Dhesi said: “Energy prices are showing no signs of going down any time soon, so there needs to be a way for households to be more engaged with how much energy they’re using so they can save money.
“The UK government attempted to get households more engaged with their energy usage by rolling out smart meters with ‘In Home Displays’, and my previous work made me realise how powerful smart meter data really is when you engage with it.
“But the truth is – who is really regularly checking their smart meter?
“Unless you’re standing right next to it, you won’t go out of your way to have a look.”
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GoCompare Energy asked people what they are doing to save energy:
- Turning off lights when they leave the room – 64 percent
- Turning off appliances when they’re not being used or in standby mode – 54 percent
- Not filling the kettle to the top – 45 percent
- Washing clothes on a lower heat setting – 39 percent
- Taking shorter showers – 36 percent
- Changing light bulbs to LED bulbs – 28 percent
- No longer using the tumble dryer – 24 percent
- Making the house more energy efficient – 19 percent
- Going to bed earlier – 18 percent
- Using the slow cooker instead of the oven – 17 percent.