6 Effective Ways to Save Over £400 on Energy Bills Ahead of Ofgem Price Cap Announcement

As the price cap change looms, many individuals are seeking ways to keep their energy costs down, preparing for potential price hikes. Presently, the average household with moderate energy usage pays £2,074 annually under the existing price cap, which remains effective until September 30. However, industry experts from Cornwall Insight predict a reduction in the price cap to £1,860 starting October 1, though this projection may alter in the coming weeks. The eagerly awaited announcement of the next price cap by Ofgem on August 25 will cover the period from October 1 to December 31. In this article, we will explore valuable energy-saving hacks recommended by the Energy Savings Trust, potentially helping households save up to £474 per year, and in turn, mitigate the impact of rising energy costs this winter.

1. Turn Off Standby: Save £60 (£70 in NI) per Year

One simple yet effective energy-saving practice involves turning off appliances from standby mode. By conscientiously switching off almost all electrical devices at the plug, households can save approximately £60 (£70 in NI) annually. Consider investing in a standby saver or a smart plug, which enables you to turn off all appliances on standby with a single action, further optimizing energy efficiency.

2. Draught-Proof Windows and Doors: Save £58 (£62 in NI) per Year

Investing in professional draught-proofing for windows, and doors, and addressing floor and skirting board cracks can cost around £270. However, this measure yields substantial savings of about £58 (£62 in NI) on yearly energy bills. Alternatively, DIY draught-proofing offers a more budget-friendly option, delivering comparable results.

3. Optimize Washing Machine Use: Save £30 (£36 in NI) per Year

Mindful use of the washing machine can lead to savings of around £30 (£36 in NI) annually on energy bills. Switching to a 30-degree cycle instead of higher temperatures and reducing the number of weekly washes by one can significantly reduce energy consumption without compromising cleanliness.

Slash Your Energy Bills by Over £400 as Ofgem Price Cap Looms

4. Ditch the Tumble Dryer: Save £60 (£75 in NI) per Year

Bid farewell to tumble dryers and explore alternative drying methods. By opting to dry clothes on racks indoors or outdoors during warmer weather, households can save approximately £60 (£75 in NI) annually.

5. Shorten Shower Time: Save £75 (£65 in NI) per Year

Reducing shower time to a mere four minutes can lead to substantial savings of £75 (£65 in NI) per year on energy bills. Additionally, considering options such as swapping baths for showers or fitting an aerator in the kitchen can yield further savings of £17 (£14 in NI) and £30 (£30 in NI) respectively.

6. Summer to Winter: “Winter-Proof” Your Home

As summer comes to an end, it is prudent to prepare homes for the colder months ahead. Hive’s smart tech products and services offer excellent solutions to create a greener home or save on heating costs. Hive’s Thermostat Mini, managed through a user-friendly app, optimizes heating schedules, potentially saving up to £150 per year on heating costs and reducing gas consumption by 54 percent. Britons can explore their website for exclusive offers and further energy-saving ideas.

In conclusion, with the impending price cap change, adopting energy-saving measures has become more crucial than ever. By implementing the suggested hacks, households can significantly reduce their energy bills and offset the impact of potential price rises. Conserving energy not only benefits individual finances but also contributes to a more sustainable and eco-friendly future. Embrace these energy-saving practices today and brace yourself for a cozy, cost-efficient winter ahead.

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