Energy bills have become a significant concern for many households, especially as costs continue to rise. While the recent drop in the Ofgem price cap brings some relief, the reality is that many families will still face high energy costs for the foreseeable future. However, with a few smart strategies, you can take control of your energy consumption and reduce your bills. Here’s your essential guide to saving money on energy.

Can You Switch Energy Providers and Fix Your Bills?

Switching energy providers used to be a straightforward way to save money. In the past, fixed-rate tariffs offered the best deals, but these have become rare since energy prices began to spike in 2021. Today, most households are on variable-rate tariffs, tied to the Ofgem price cap, which limits how much providers can charge.

While fixed-rate deals are returning, they often remain elusive and can be more expensive than sticking with a capped variable rate. If you’re thinking about switching, do your homework first. Check if any fixed-rate tariffs are available and compare them to your current plan.

Remember, many comparison sites have paused their switching services, so finding these deals may require a bit more legwork.

Everyday Energy Tips That Work

While major changes like switching suppliers can help, every day habits can also make a big difference. Here are some practical energy-saving tips:

• Draught-Proofing

A simple yet effective way to keep your home warm is to block out draughts. This age-old advice has stood the test of time because it works. By sealing gaps around windows, doors, and floorboards, you can prevent heat from escaping and reduce the amount of energy needed to keep your home warm. Foam strips, plastic seals, or brushes are inexpensive and easy to install, potentially saving you up to £30 a year on your energy bill.

• Lower the Flow Rate on Your Boiler

Your boiler’s flow temperature determines how hot your radiators get. Many boilers are set to a higher temperature than necessary, wasting energy. By reducing the flow temperature from 80°C to 60°C, you could save up to £100 a year. It’s a simple adjustment that could have a significant impact, so grab your boiler manual and make the change today.

• Fit Thermostatic Radiator Valves

Thermostatic radiator valves (TRVs) allow you to control the temperature of individual radiators, which means you can reduce heating in rooms you’re not using. Properly using TRVs can save energy and money, potentially cutting energy use by up to 40%. If your radiators don’t have TRVs, consider installing them and make sure you understand how to set them correctly.

• Insulate Your Home

Insulation is one of the most effective ways to reduce energy consumption, but it does come with an upfront cost. Properly insulating your loft, walls, and floors can keep the heat in and reduce your heating bills significantly. While the savings won’t be immediate, over time, they can be substantial. If you’re planning to stay in your home for the long term, this investment can pay off.

Understanding the Energy Price Cap

The energy price cap is a crucial protection for millions of households, limiting how much energy companies can charge on variable tariffs. As of July 2024, the price cap stands at £1,568 for average energy use, providing a safety net during these volatile times. The cap is reviewed quarterly by Ofgem, so it’s worth keeping an eye on changes that could affect your bill.

While the price cap offers protection, it doesn’t mean you shouldn’t explore other options. Always check if your current provider offers a better rate or if another supplier can offer you a more suitable deal, especially if you have specific needs like charging an electric car.

Smart Meter: Should You Get One?

Smart meters offer several benefits, including automatic meter readings, accurate billing, and real-time energy usage data. They can help you monitor and manage your energy consumption more effectively, potentially saving you money. However, they aren’t mandatory, and some people have concerns about privacy and long-term cost savings.

If you’re considering a smart meter, talk to your energy provider about the potential benefits and any tariff options available exclusively to smart meter users. Just remember, a smart meter won’t reduce your bills on its own – you’ll need to use the information it provides to change your energy habits.

What to Do If Your Energy Bill Seems Wrong

If your energy bill is unexpectedly high, don’t panic. First, check if your bill is based on an estimated reading or an actual one. If it’s estimated, provide a current meter reading to ensure you’re only paying for what you’ve used. If the bill is still high, contact your energy provider for clarification.

If you believe your bill is incorrect, you have the right to challenge it. Under Ofgem’s rules, you can’t be charged for energy used more than a year ago if you were incorrectly billed. Gather evidence, such as meter readings and previous bills, and communicate with your provider in writing to resolve the issue.

Can You Get Money Off Your Bill for Energy Saving?

Yes, by being diligent with energy-saving measures, you can reduce your bills. Simple actions like turning off unused devices, lowering your thermostat, and taking shorter showers can add up. While each action may only save a small amount, together, they can make a noticeable difference in your energy bill.

Help Is Available If You’re Struggling to Pay

If you’re having trouble paying your energy bills, reach out to your energy provider as soon as possible. Most providers have support schemes and can offer payment plans to help you manage your bills. There are also grants available for low-income households to assist with energy costs.

If you’re using a prepayment meter, you may be able to switch to a credit meter or a direct debit plan, which could save you money in the long run. If your current provider doesn’t allow this, consider switching to one that does.

Are You Inspired to Take Control of Your Energy Costs?

Reducing your energy bills requires a combination of smart choices, from switching providers to making your home more energy-efficient. By following the tips in this guide, you can take control of your energy consumption and start saving money today.

Every small change adds up, so start implementing these strategies now and enjoy the benefits of lower energy costs.