Britain is in the midst of a staggering rise in the cost of living which is being partially caused by a sharp rise in energy bills. External pressures on the wholesale gas and electricity market and Putin’s invasion of Ukraine has caused costs to skyrocket in recent months. Since October 2022, energy prices for the average household with typical usage have increased by 27 percent even with Government support in place.
New advice by Loop is sharing how people avoid spending up to £1,000 in gas and electricity costs this winter.
Over the festive period, the majority of someone’s energy bill goes towards heating the inside of their home.
Some 80 percent of gas use in UK households goes towards heating which is the equivalent of around £1,000 a year at current gas prices, according to Loop.
The firm is outlining what people need to do to avoid spending this amount of money on their home heating system.
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Steve Buckley, the head of Data Science at Loop, broke down what families need to do to cut their energy bill by up to £1,000 a year.
He explained: “Many are feeling the pressure to cut costs this winter but keeping yourself and your home warm is essential for your health and wellbeing.
“Figuring out how to get this balance right can feel overwhelming, particularly when temperatures have dropped, and homes are feeling chillier than usual.
“But there are changes you can make to the way you heat your home that will save on your gas use – and costs – without you noticing a difference.
“These changes come down to understanding how you use gas in your home and identifying where you can make this more efficient and cost-effective.
“We’ve shared guidance on how to reduce gas this winter, and free apps like Loop work with smart meters to help identify areas to save on gas.”
These include people taking time to master their heating schedule by only using it when they are at home, and turning it off 20 minutes before you need to as the hot water in the radiators will stay warm.
Those who are leaving their home for a period of time are also recommended to lower their thermostat to 5 degrees minimum.
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At nights, people should keep the heating off or low if it’s particularly cold and instead purchase an electric blanket to keep warm.
Every degree someone lowers their thermostat equates to a 10 percent reduction in gas use which is £300 a year in savings for an average home.
Families are also encouraged to draught proof their home via tape to seal those spaces and crevasses.
Appliances such as chimney balloons to block unused chimneys and thick curtains to keep in heat are useful energy saving tools.
As well as this, households should turn down your boiler flow temperature to save money on their energy bills
If the boiler’s flow temperature becomes too high, it will eventually become inefficient but correcting it can save between eight to 12 percent on energy costs.
Furthermore, Loop is promoting the energy saving measure of insulation which is particularly important for the UK’s poorly insulated homes.
Households can invest in both loft insulation and cavity wall insulation to bring down costs long-term, however both are expensive in the short-term.