Energy bills to rise 10% this winter
Energy bills are set to burn an even bigger hole in our pockets this winter when the energy price cap increases, bringing average annual costs for a typical household to £1,717.
The price cap will increase by 10% in October, up from its current level of £1,568, meaning bills will rise by £149 a year for a typical household. Although the cap is lower than it was last year, energy costs remain much higher than they were before Russia’s invasion of Ukraine. Government support for energy bills has also ended, and the Winter Fuel Allowance has been withdrawn for all pensioners not claiming means-tested benefits, so it is set to be a very difficult winter for countless households.
Gareth Kloet, spokesman for Go.Compare Energy, said: “From a billpayer’s perspective, the news of the energy price cap is always a good reminder to think about your current energy contract – especially now the market is slowly opening up and there are some deals available.
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“Before you look around, remember to take a look at your energy usage and the rates of your current deal. It’s also worth checking if there are any early exit fees involved with your current contract, as you may have to pay to leave, which could cancel out any potential savings. Comparison sites will help you take stock of your choices and see the options on the market for you, whether you want to opt for a flexible or a fixed rate tariff.”
Tips to reduce energy bills
As well as making sure you’re on a competitive energy tariff, there are a few simple measures you might be able to take to reduce your energy bills.
Andrai Carcu, an electrician at Emergency Electrics and Heating 24-7, said: ““Even when electronics are turned off, they often continue to draw power in standby mode. This can lead to unnecessary energy consumption and higher electricity bills. Unplugging them when not in use can help you save between £10 and £30 annually. It's a simple yet effective way to reduce your energy consumption and save money.”
You can also reduce energy costs by turning your thermostat down by one degree, and turning off radiators in any rooms you don’t need to heat. According to the Energy Saving Trust, lowering your thermostat alone could reduce your bills by up to 10% a year.
Mr Carcu said: “To optimise your fridge and freezer’s energy efficiency, set your fridge to 3-4 degrees Celsius and your freezer to -18 degrees Celsius. Regularly defrosting your freezer is also crucial to prevent frost buildup, which can reduce efficiency. By following these tips, you can save approximately £20-£30 per year on your energy bill."