Brits are being advised to reduce their energy costs before prices skyrocket
Ofgem has confirmed that annual household energy bills will rise by £149 on average in just a couple of months. From October 1, the energy price cap will rise from £1,568 to £1,717. However, the price cap is not a maximum limit on what household will pay on their bills and instead dictates the price per unit of gas and electricity used.
How can consumers lower the cost of energy bills? Energy audits and smart meters Les Roberts, business energy comparison expert at Bionic, said: “By taking part in an energy audit, you’re ensuring that you know exactly where you are using the most energy in your home and how you can cut this down. Similarly, installing a smart meter means you can pinpoint exactly how your home could be more energy efficient.
Turn your heating or air conditioning down by one degree Les said: “Turning down your thermostat by just 1 degree is a change you probably won't even notice, especially as we move into warmer months and could reduce your heating bills by as much as 10%. Remember to also adjust your thermostat in relation to the external temperature.”
“If you do find a deal with rates below the new price cap rates, then it could be worth considering making the switch as we don’t know what will happen to energy prices in the future. However, it's important to remember that price-capped tariffs change every three months in line with the price cap so a deal that looks good now could end up being more expensive if energy prices drop later in the year.
If you can’t afford your energy bill, what support does your provider have to give you? Les said: “The most important step to take if you feel you cannot afford your energy bill is to contact your supplier as they are obliged to outline your options, such as organising a payment plan. What does my supplier have to do if I can't pay my bill? Les said: “Your supplier is obliged to give you at least 28 days to repay any debt you fall into before they take action. After this point, your supplier can take steps to install a prepayment meter in your home but they have to give at least seven days notice.
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