Money & Property Newsletter

Energy-Proof Your Home - and Save!

Emma Lunn Monday August 18, 2008

energy proof your home

The cost of gas and electricity has already soared by 17% this year - and it’s set to climb even higher following fresh price hikes from British Gas. Yet a few simple home improvements could help cut your energy bills by as much as £300. We show you how it’s done

Annual household energy bills have risen from £912 on average in January to £1,127 in June - an increase of almost 20% - official figures show. 

Industry experts say that the latest price rises from the likes of British Gas and nPower mean that more than 10 million households will struggle to pay their energy bills. Other suppliers are expected to follow suit in the coming weeks.

Price comparison site uSwitch says that in one in two households are planning to cut down on heating as the cold weather draws in this winter, 54% will become more energy efficient and 4 million (15%) homes will take drastic measures to reduce their energy usage by cooking fewer hot meals.

Ann Robinson, director of consumer policy at uSwitch.com, says: "With energy bills continuing to burn a hole in households' dwindling pockets, consumers need to take steps to minimise their energy usage and reduce the amount they pay. Sourcing the cheapest provider is one means of holding on to the pennies but adopting more energy efficient measures will also help.”

Switch to a cheaper energy supplier

Control your costs
One way to control costs is to opt for a capped energy deal where the maximum price you’ll be charged will be fixed. However price increases mean competitive capped deals are getting harder to find.

The Energy Saving Trust offers advice about saving energy around the home as well as providing information about grants on offer to make your home more energy efficient.

We’ve looked at six of the best energy-saving improvements.

Compare

  • Savings
  • Mortgages
  • Credit Cards
CardRateDurationTypical APR
Virgin Credit Card 0% 16 mths 16.6% Apply
NatWest Platinum 0% 15 mths 16.9% Apply
MBNA Platinum 0% 13 mths 15.9% Apply
MBNA Platinum Rewards Card 0% 13 mths 15.9% Apply