• Ep 94 - Cutting the cost of energy

  • Jan 29 2025
  • Length: 21 mins
  • Podcast

Ep 94 - Cutting the cost of energy

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  • Summary

  • Most households can save money on their energy bills. The price cap brought in by the Government and the energy regulator, Ofgem, to reduce bills after Ukraine was invaded is no longer the best deal for most homes.

    Before the energy crisis millions of us opted for fixed price energy deals to get cheaper energy bills but now more than 80% of households settle for the price cap with its £300+ standing charges before we use a single unit of gas or electricity.

    The savings may be more modest nowadays but most households can save at least £50 a year on their energy bills with discounts and bigger savings can be made with tracker tariffs.

    Lower standing charges are being offered and opportunities to save money by using your electical equipment at offpeak times.

    It is time to check what deals your supplier is offering and to find out from price comparison sites and Money Saving Expert what other deals are being made in the industry.

    It is also time to make sure that you are not wasting energy in your home.

    Bills will go up by around 3% under the price cap from April. Opting for a discount or a tracker deal should mean that your bills will be lower.



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