As autumn approaches, consumers are bracing for an increase in the energy price cap. Finding ways to save on energy bills has become a recurring concern, but there are established strategies to help keep costs down.
It’s common to overlook checking for better deals on electricity and gas. Many people are unaware of when their tariff contracts expire, potentially leading to overpaying. Utilizing online price comparison tools like USwitch can reveal more cost-effective options. Additionally, using cashback websites like Topcashback or Quidco can provide rebates and exclusive discounts.
Although smart meters are prevalent, it’s easy to neglect taking regular readings. To monitor usage accurately, consider taking a photo of your meter monthly. Ensuring to manually submit a meter reading by September 31st, especially before the Energy price cap rise on October 1st, can prevent being billed incorrectly.
Energy companies typically average out direct debit payments over the year, accumulating credit during warmer months to offset winter expenses. If you have a surplus in your account, requesting a reduction in your direct debit amount can prevent unnecessary overpayments.
Simple practices like delaying turning on the heating until necessary, using layers and blankets for warmth, and wearing socks indoors can help cut energy costs. Octopus offers free energy hours for customers who sign up for alerts and pay via direct debit, allowing for cost-effective energy usage during specific hours.
For those not on Octopus, leveraging off-peak tariffs with timer switches on appliances and setting timers for hot water tanks can optimize electricity usage. Installing thermal blinds and draught-proofing tape can also minimize heat loss, reducing the need for excessive heating.
Referral schemes and energy-saving habits like unplugging fully charged devices and utilizing timer switches for charging can lead to bill reductions. By implementing these strategies, it’s possible to significantly reduce monthly energy expenses with minimal effort.