11 ways to save money on your energy bill - M4Money Credit Union

Following the recent news where the energy prices will rise for millions of people across the UK in April, there has never been a better time than now to start saving on your energy bills. We have curated top tips from various websites, which you can find below.

1. Understand your energy bill

The first steps should be knowing how much gas and electricity you are using then see where you can start saving. One of the ways you can do this is by getting a smart meter or buying an energy monitor.

2. Use heating controls (save £75)

By using heating controls, you will be to:

  • heat only the rooms in your home that need it or set different temperatures
  • keep your home comfortable without wasting heat

3. Replace light bulbs (save £180)

Did you know that an LED light bulb costs around £1.71 to run? You can now save £180 from your energy bills plus reduce the number of bulbs that you have to buy as energy-saving light bulbs last longer than traditional ones (bonus).

4. Make improvements to your home.

There are various ways that you can do this:

a) Cut draughts and save approximately £20 a year. Which? gives some examples of how you can do this.

b) Home insulations such as making loft insulations and cavity wall insulations.

5. Upgrade your boiler

By replacing an old boiler with a modern energy-efficient one, you can save around £205 a year.

Here are a few tips to know before you go ahead and buy a new boiler.

If you have already replaced your boiler, check that radiators are working properly and use the programmer on the boiler such that you only use the heating when it’s required.

6. Switch suppliers

If you have been with your existing supplier for some time, now is the time to contact your supplier and get a better deal. If not, shop around for more affordable deals. This way you can save around £150. (Source, Sky News)

7. Switch off and unplug appliances that you aren’t using

You can cut your electricity bill by as much as 5%. This is because most appliances drain energy even when they aren’t in use.

8. Use natural resources

For example, dry your clothes outside on a hot day rather than the tumble dryer.

Or, wear layers rather than turning on the heating at full blast.

9. Energy-efficient appliances

You can cut your electricity bills by using appliances that have reduced energy consumption.

You can see a product’s energy efficiency by looking at the energy-efficiency rating.

For instance, you can save £48 a year when using an energy-efficient washing machine.

9. Bath time energy savings

Fit a water-efficient showerhead that keeps your shower feeling powerful while cutting down on hot water consumption.

Set a timer on how long you are in the shower. Again, this cuts down on the amount of hot water that you use.

10. Use direct debit 

This payment method will help you spread the energy costs throughout the year. You will also save on admin fee which a supplier may impose on their consumer.

11. Kitchen cut-backs

You could save around £37 a year by being more vigilant in the kitchen.

For instance, only fill the kettle with the amount of water that you intend to use.



Money Expert


Sky News

BBC Business News