Are you getting to the end of every month and finding there’s just nothing left to save? If you are then your not alone, because according to the National Statistics more than a 1/3 third of Brits are not able to save money on a monthly basis, and 10% have no savings at all! So today I thought I’d target energy bills as its something we all have to pay one way or another, but most people are not doing it as efficiently as they could be, meaning there are often BIG savings to be made in this department. So, if you’re fed up of spending hundreds of pounds on energy bills and looking for ways to save, stick around, because down below I have detailed 7 quick and easy ways for you to crush your energy bills to dust!
1. Switch Energy Provider
If your reading this and you are someone who hasn’t switched energy provider’s in the past 2-5 years, then you are exactly the person who needs to take action RIGHT NOW! According to the UK Energy Regulator OFGEM, more than 11 million households are on a Standard or Default Energy Tariff, meaning they are paying outrageously high prices for energy all because they haven’t switched providers and got a new deal. Switching providers is incredibly easy and simple to do, and takes no more than 5 minutes to complete these days due to the new provider doing all the work for you, and the best part of this is, you will save yourself on average more than £350 a year! Therefore there is no excuse not to do something about this right now, and today I have the pleasure of offering you the below deal with Octopus Energy, the only energy provider recommended by Which?.
Octopus Energy is a fantastic GREEN energy company that offers extremely competitive pricing, great customer service and they don’t lock you into a contract, so you can choose to leave at any time. I have personally used them for 3 years and I cannot fault them, which is why I am sharing this opportunity with you. If you click on the image below, it will allow you to sign up with them and receive £50 free credit which will be applied to your account as soon as your switch is complete.
Therefore, if you are someone who is currently on a Standard Tariff, this is a chance for you to save £400 in one go!
2. Change your lights to LED’s
This may seem like an obvious one, but LED’s are on average 5 times more energy-efficient than that of a standard bulb, therefore this is one seriously simple way to slash your bills immediately. Take a look at the table below which shows just how efficient an LED bulb is compared to both CFL and Halogen equivalents. The cost of running 1 LED bulb for 25,000 hours is 5 times less than the cost of running a Halogen bulb for just 2000 hours! INSANE!
3. Turn down your thermostat
According to the Energy Saving Trust, Reducing room temperatures by just 1ºC can cut heating bills by up to £75 a year in a typical home.
So before you next go and turn up the thermostat because its a little bit chilly, try putting on an extra layer like a jumper, or grab a blanket, because for every 1ºC that you increase the temperature in your home, over the course of a year you’re costing yourself up to £75!
4. Get yourself a Power Consumption Meter
This easy to use device is perfect for cutting down your energy consumption. It might be yourself who has the bad habit of wasting energy and you’re not sure what the big deal is, or you might have a partner or child who is constantly leaving digital devices on and you are sick to death of reminding them how much money they are pouring down the drain. If either of those things sounds familiar to you, this is the device for you. Quite simply, you plug the meter into the power socket, and then you plug the device you want to measure the power of into the meter, then you just sit back and let the magic happen. The device will tell you exactly how many watts of energy the item is using, and more importantly, it tells you exactly how much money is being wasted too! All the information is displayed on the LCD screen, therefore there will be no debating how much money and energy is being wasted from then on, it will be clear to see. The best chance of someone changing their mindless consumption habits is for them to see it for themselves, therefore I would highly recommend investing in an Energy Consumption Meter, it will be worth its weight in gold.
5. Electric Clothes dryer? GET RID OF IT!
The cost of the average Electric Clothes Dryer (Commonly known as a Tumble Dryer) is around £200 to purchase, plus up to an extra 50p for every time you use it, which for the average person adds up to around £50 a year! There is however another option to dry your clothes, it is becoming increasingly less common as time goes by, but it is still as effective and efficient as it always has been… Dry your clothes on a washing line… outside… for free.
6. DO NOT leave digital devices in stand-by, TURN THEM OFF!
Last but by no means least, TURN OFF your devices when you are not using them. It seems obvious but in the world we live today everything we purchase comes with an option to put it in Stand-by, and I won’t sit here and say it isn’t a wonderfully convenient thing to do, however, once you realise how much that convenience is costing you, you may start to change your habits. According to the Energy Saving Trust, leaving your devices in Stand-by is costing you £50 – £100 a year! So now you know, the next time you go to leave your TV in Stand-by, or any other device for that matter, remember that it’s adding up to £100 to your energy bills just for that little privilege, and do the right thing, turn it off at the plug.
So there you have my 6 Simple Tips To Save On Your Energy Bills. I hope you can apply these tips to your own life and save yourself some hard-earned £s off your energy bills.
As always, thank you for taking the time to read my blog, If you could Like and Share this post with your friends and family I would be most grateful, as it may help them save some money too! Feel free to Follow the blog for many more posts on Personal Finance and my journey to F.I.R.E.