Managing energy costs during the crisis
The Energy Crisis has hit the UK, adding to the financial worries of thousands of our members. Below we outline some options to cut costs and improve your financial wellbeing.
Everyday changes to cut costs
There are many simple changes you can make to your day to day living which can cut your energy bills. This includes:
- Encouraging the family to switch off the lights and electricals whenever you aren’t using them.
- Reducing the temperature of your water/ heaters on your boiler, or reducing the temperature on your thermostat or using a timer in the shower.
- Eliminating any drafts around your home by placing draft excluders under doors and blocking any holes.
There also larger scale changes which could save you £££ each year. Please see the list below.
Stick with your current provider. The guidance used to be to look for cheaper providers and switch to save money. However, with the rise of the price cap the lowest fixed rate will now be £2017, which is likely to be more expensive than your current tariff. For this reason, the advice generally is to stick with your current provider. If you are on a fixed term tariff, the price of your energy will not increase until this contract ends.
It is important to note that not all energy contracts have the cap applied and that your figure can vary around the figure stated above, so it is worth checking what applies to you.