Earn £200 in minutesYour New Year’s resolution to save money on energy
02 January 2017
Want to know a genuine way you can make money, fast? You could marry a rich celebrity or win the lottery. Or you could make money right now by switching energy supplier and making a few small changes at home.
You could save around £200 by switching from a poor-value energy deal to a much cheaper one, our monthly research reveals. Although several big energy companies have announced they’re freezing the prices of their standard deals for winter, this doesn’t make them good value for money.
You can often find much cheaper deals from smaller suppliers, or by fixing your prices for a year or more. Earlier this month, energy regulator Ofgem announced that two out of three households – or around 20 million customers – are paying too much for their gas and electricity.
Make it your New Year’s resolution to save money on your gas and electricity bills. Find out how much you could save using our independent energy comparison site Which? Switch, or call us on 0800 410 1149 or 01259 220235.
How to switch energy supplier
Make sure you’re not paying over the odds for your gas and electricity. If you haven’t changed deal or supplier in the past three years, the chances are your bills are higher than they need be. This is because you’ll probably have rolled onto your supplier’s standard tariff, which is also usually its most expensive.
Using a comparison website, such as Which? Switch, takes around five minutes to compare deals and find the best for you. To get the most accurate quote for how much you could save, make sure you have in front of you:
- your postcode
- the name of your current supplier and tariff
- how much gas and electricity you use in kilowatt hours (kWh)
This should be on a recent bill or annual energy statement - or you can also use how much you spend. You’ll also need your bank or credit card details if you decide to switch and want to pay by direct debit.
When you’ve found a deal you’re happy with, check whether you could save more by how you pay. Some energy companies give discounts for paying by monthly direct debit or managing your account online, rather than receiving paper bills.
Find out more about switching, including how to choose a tariff, in our guide on how to switch energy supplier.
Save more money on energy
Making a few simple changes at home can save you hundreds on your energy bills each year. Your central heating is the single biggest user of energy in your home, so turning down your thermostat can save up to £85 a year in the typical home. Put on a jumper but don’t turn your heating down below 18°C, Age UK recommends.
The Winter Fuel Payment, Warm Home Discount and other government subsidies can help you afford winter energy bills if you meet certain criteria. Check whether you qualify in our home grants guide.
Replacing light bulbs with energy-saving ones is a quick way to shave up to £180 off your annual electricity bill. Our lab tests have revealed fantastic LEDs that cost as little as £4 a bulb and pay for themselves in a few months. They last around 25,000 hours, compared with 1,000 hours for a traditional bulb. Discover the best LEDs.
Draught proofing can save up to £50 by stopping heat from escaping through gaps and cracks around your windows, doors or loft hatches.