Energy bills now account for roughly 5% of a UK household’s income. This is up a staggering 60% from average spending in 2002.

As a nation we are using significantly less energy but paying considerably more for it. Whilst the government and business experts claim we are out of the recession the reality is that most of us are still feeling the need to tighten our purse strings. With that in mind we decided to take a look at some ways to cut your energy costs drastically – without needing to sit in the dark with everything switched off!

1: Change your energy supplier

The quickest and easiest way to save several hundred pounds a year is to switch your energy supplier. The average household could save at least £200 a year this way. It is a great idea to keep your eye on the energy market and regularly change your provider when better deals become available.

2. Insulate your Roof

Poor insulation accounts for the majority of wasted energy in our homes. There are different ways to insulate your home each of which can save you considerable amounts of money. The cheapest option for a big saving is roof insulation. This can be installed for as little as £500 and can save you up to £240 a year. With modern roll insulation you can DIY to make the costs and savings even higher.

3. Turn your thermostat down

Every 1°C you turn your thermostat down by can save you £60 a year. If you can turn it down 5°C you can save a whopping £300 a year with the push of a single button.

4. Insulate your walls

Cavity wall insulation can save you around £100 a year. It is relatively low cost to install and there are currently government backed grants to reduce the costs of installation or make it free. Costs are around £500 for an entire home – but bear in mind that houses built before the 1920’s use different internal insulations.

5. Turn off your appliances

We have been hearing this one for a long time but it’s so easy to forget to turn things off at the wall. To give you an idea of the energy you use a phone charger left on standby overnight will use 2 watts of energy an hour, a TV will use 10 watts an hour and a broadband modem will use 12. If you leave these on all year you will be adding around £35 to your energy bills. When you think of how many gadgets and gizmos you have plugged in the reality is that you could be wasting hundreds of pounds a year!

6. Upgrade your appliances

High energy star rated appliances cost more but over their lifetime they will save you hundreds of pounds. Rather than just replacing all your appliances at once just upgrade whenever it is time to get a new one. A modern fridge freezer will use 20% less electricity than one that is 5-10 years old – and will save you a comfortable £30-£50 a year!

7. Change your lights

Compact Fluorescent Bulbs will save you almost £20 each over the course of their lifetime. This is a really easy and quick save that will make a great long term impact for the environment and for your wallet.

Hopefully these tips will help you keep that energy bill low over the winter.

ABOUT THE AUTHOR:

Bloggers talk about anything and everything financial - Budgeting, tips and tricks to make your money go further. Money can't buy you happiness but it can help pay your bills. How much further can you make your money go each month?

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