How to save money during the energy crisis
This blog will give you some ideas on how you can reduce your energy usage and bills during this difficult time.
The UK is currently facing an energy crisis, with rising energy costs putting a strain on households and businesses alike. However, there are several ways to save money on your energy bills and reduce your overall energy consumption.
Use energy-efficient appliances
Look for an energy efficiency rating on an appliance you’re thinking about buying, the ratings are between G and A (G being the least efficient and A being the most efficient) however some appliances may have an older version of the rating which varies between G and A+++. These appliances can help you save money on your energy bills over time. Additionally, you can check for certifications and recommendations from non-profit organisations such as the National Energy Foundation.
Insulate your home
Insulating your home can help keep warm air inside during the winter, and cool air inside during the summer. You could also choose to get double glazed windows which would further increase insulation in your home. This can help reduce your need to crank up the heating and, although potentially expensive, can save you money in the long run.
Switch to a cheaper energy supplier
The cost of energy can vary significantly between different suppliers. By shopping around and switching to a cheaper supplier, you can potentially save a lot of money on your energy bills by taking the time to do your research.
Reduce your energy consumption
Although it sounds obvious, simple changes like turning off lights when you leave a room, unplugging electronics when they’re not in use, and using an extension lead to cut off power to multiple devices at once can help reduce your energy consumption. You can also purchase devices that allow you to turn off plug sockets remotely via the internet, so if you realise that you left the TV on after you’ve already left the house, you can just turn off the plug on your phone.
Invest in renewable energy
Investing in solar panels or a wind turbine can help you generate your own energy and reduce your reliance on traditional energy sources. This option won’t be for everyone as they can be very damaging on your bank account, but if you have the option it can save you money in the long run.
Take advantage of government programs
Many governments offer programs that can help you save money on your energy bills, such as discounts on energy-efficient appliances, rebates on solar panels, and financial assistance for home insulation. Some examples are the Energy Company Obligation (ECO) which provides energy efficiency measures to low-income households, funded by a levy on energy suppliers.
Get a smart meter
Smart meter is an electronic device that records consumption of electric energy and communicate the information to the electricity supplier for monitoring and billing. They will give you accurate information about your energy usage, it will make you aware of how much energy you are consuming, and help you to reduce it.
By following these tips, you can potentially save a lot of money on your energy bills and reduce your overall energy consumption.