UK electricity bills hit highest prices in 10 years – how to make your home more efficient
Energy bills for UK households to increase by £139
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Electricity bills have soared in the last 10 years with providers hiking their rates to meet energy wholesale prices. Energy prices are set to increase for 15 million households in October, according to Ofgem. The Government regular for electricity and gas in then UK said the energy price cap will increase from October 1 which means those on default tariffs paying by direct debit will see their bills increase £1,138 to £1277 per year.
Prepayment customers will see their bills hiked by £153 from £1,156 to £1,309.
Ofgem said the wholesale cost of electricity and gas paid by suppliers and influenced by global markets is the most unpredictable factor.
Other factors that have impacted the recent surge in electricity bills include the weather and increased global demand.
The UK had a cold start to the year which means more Britons used electricity.
Increased global demand also left some suppliers facing shortages.
However, despite many of the issues being beyond consumer control, Britons are feeling the financial hit.
With electricity bills on the up, how can households decrease their electricity consumption and save money?
ElectricalDirect, the UK’s one-stop electrical supplier, shared their tips.
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Get a smart meter
A smart meter will allow you to track your energy use in real time.
You can then manage your electricity usage by making small changes.
Not only will you save money, but you can reduce your emissions too.
Your smart meter should also communicate with your supplier which means you won’t have to submit meter readings.
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If you don’t have one, consider asking your supplier to provide you with one.
Install a smart thermostat
Heating your home drains electricity so instead of leaving it on all day, you can use a smart thermostat to control your settings from your phone.
This will also allow you to monitor your household’s patterns so you can make adjustments.
For example, your heating could be coming on at 1pm when no one is home until 3pm.
You should notice your bills start to decrease as you make small changes to your heating routine.
Have you noticed members of your household leave lights on?
You can actually use smart technology to control lights on your own phone.
Doing this will allow you to save money and electricity.
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