By now, we should all be more than aware of the fact that the Default Tariff Cap will rise by 54% from 1 April 2022. In simpler terms, this means that households across the nation will be facing a frightening 54% increase in energy prices.
People are worried… and rightly so! We’re currently living through a period where the price of everything – from energy to petrol to food – is rapidly increasing. It’s an alarming time for many but there are things you can be doing to combat this. Keep reading on for some well-needed guidance and inspiration.
- Don’t switch suppliers any time soon
Prices going up? Many people’s first instinct is to shop around for a better deal, but unfortunately that’s not going to cut it right now. The sad reality is, there are no better deals available. The best thing you can do right now is sit still and hang tight, because jumping ship and switching your energy supplier could further increase your bills – the opposite of what you want and need right now. Stay vigilant and continue ‘window shopping’, but don’t make any permanent decisions yet.
- Install an energy saving measure in your property
The UK isn’t lacking companies who offer energy saving solutions, so why not enlist the help of one? There are so many products and services on the market right now specifically designed to help you save energy and therefore save you money on your energy bills.
It’s a no brainer. For example, external wall insulation could save you up to £230 per year and there are insulation grants to help you pay for the cost of installation. Now more than ever it’s absolutely crucial you save energy wherever you can, and opting for home improvement solutions could even add value to your home.
- Look for available support
The energy crisis has put so many households in a difficult and worrying predicament, so much so that there are support channels available. Citizens Advice, for example, outlines how you can get help if you’re struggling to afford your energy bills or top up your prepayment meter. This includes certain benefits and grants offered by both the government and energy suppliers. Please remember that you are not alone in this!
- Save energy where you can
It’s an old but gold tip, and one we hope you listen to! You can action this tip today – right now, in fact. Get up and switch off any appliances that are currently on standby, turn all the lights off in rooms that are currently unoccupied, and draught proof any gaps in your doors. These three simple, immediate tips alone could save you £115 per year.
If you’re looking ahead at things that you could do in the future to save energy, try swapping one bath per week for a shower and save £11 per year; take just 4-minute long showers each time you have one and save £65; and avoiding using the tumble dryer where possible and save £55.