As autumn approaches, the energy price cap is set to increase, prompting a need to find ways to save on energy bills. To keep costs low, it’s essential to regularly compare prices for electricity and gas contracts. Many people unknowingly continue to pay higher rates once their fixed-term tariff ends. Utilizing online price comparison tools like USwitch can help find the best available prices. Additionally, using cashback websites like Topcashback or Quidco can provide rebates and exclusive discounts.
Although smart meters are common, it’s important to take readings regularly to track usage accurately. Submitting a meter reading manually on 31st September, just before the energy price cap rise on 1st October, ensures accurate billing. Direct debits are designed to spread costs evenly throughout the year, but consumers often accumulate excess credit in their accounts. It’s advisable to request a reduction in direct debit payments if a substantial surplus exists.
To stay warm without turning on the heating prematurely, traditional methods like using hot water bottles, layering clothing, and insulating living spaces can help save on energy costs. Octopus offers free energy hours for customers who sign up for alerts and pay via Direct Debit, allowing them to use extra energy without additional charges during specified hours.
Taking advantage of off-peak tariffs by using timer switches and setting timers for heated water tanks can further reduce energy expenses. Simple measures like installing draught-proofing solutions and earning credits through referral schemes can also contribute to lowering energy bills. Additionally, optimizing the use of battery-operated devices and appliances by unplugging them when fully charged can lead to additional savings.
By implementing these strategies and being mindful of energy usage, consumers can significantly reduce their monthly energy expenses with minimal effort.