How To Save Money On Your Gas And Electric Bills?

Energy bills can be expensive and in the current climate, it is important to save as much money as you can. According to Money Advice, the average gas and electricity bill in the UK is £104.50 per month, more than double what it used to be a decade ago. However, it doesn’t always have to be that expensive, with a bit of knowledge you could save some money. We’ve put together a guide to help you navigate through it.  

Standby electricity

If you’ve got a lot of entertainment at home such as game consoles, laptops, audio systems or power tools, you may want to check if they’re actually completely switched off when not in use, as they could be using energy even if they’re only plugged in. Standby electricity may not be the biggest part of your utility bill, but it definitely adds up at the end of the month/year. You could put an alarm on your phone to remind to completely unplug all your entertainment every night.

Get a smart meter

Installing a smart meter to monitor your gas or electricity usage is a great way to save money and actively keep an eye on the energy you use. It’s also handy as you can track what you’re spending and therefore find out where to make savings. You also get more accurate bills which is great when you’re trying to budget for the month. 

Switch providers

Getting a quick quote on a comparative website should definitely be on your to-do list, especially if you feel like you’re spending too much on your bill every month. In fact, according to Energy UK, more than 6.4 million customers have moved to a new supplier in 2019 – an average of 12 switches every minute! If you’re a business in the U.K, use a service like SwitchPal that can help you find the best deal!

Conserve your energy

Sometimes it’s the little things that make all the difference. Conserving your energy consumption is something you can put in place in your everyday life with things like: line drying your clothes whenever possible, have short showers, turn off lights when you leave a room, put on a jumper if you’re cold, open the curtain during the day, etc. All these little things do add up to lower your bills and also help to protect our planet. If you have children, it’s also a great way to teach them to be more aware of the energy they are using on a daily basis.

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The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.