How you can save money on your energy bill

52d ago · UK · primary source: feeds.bbci.co.uk

Energy prices are set to rise in July, with bills expected to remain high into the winter, according to analysts [1]. About 40% of billpayers, representing some 22 million people, are on fixed tariffs where the unit cost does not change for a year [1]. While some current fixed deals are cheaper than the price cap, consumers face a risk if international events cause prices to fall sharply [1]. The regulator Ofgem notes that paying by quarterly bill, rather than monthly direct debit, is typically about £140 a year more expensive [1]. Consumer advocates suggest the current warm weather is an ideal time to check for draughts and implement other energy-saving measures ahead of winter [1]. Collectively, people owe £4.5 billion in unpaid energy bills [1]. Suppliers may offer payment plans or other relief, but only if customers inform them of their trouble [1]. Charities like Citizens Advice, an independent organisation specialising in confidential advice on debt and consumer problems, can assist people in checking for available support [1][5]. Financial journalist and consumer activist Martin Lewis, known for campaigns on energy bills, founded the MoneySavingExpert website [4]. The energy supply market has seen significant consolidation, with companies like OVO Energy growing from a challenger brand founded in 2009 to become the country's third-largest domestic supplier by 2020 [6][8]. Despite the presence of various suppliers, millions of pounds in benefits, particularly pension credit, go unclaimed each year, acting as a gateway to further financial support [1].

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Background sources we checked (10)
  • kiplinger.com ↗ 17 Ways to Cut Your Energy Bill | Kiplinger Useful links Subscribe Kiplinger - About Kiplinger - Readers' Choice Awards - Kiplinger Puzzles - Ask the Editor Featured - Stock Market Today - Economic Forecasts - Adviser Intel - Tools and Calculators…
  • nerdwallet.com ↗ Utility costs, especially the electric bill, tend to make up a significant part of household budgets. In fact, the average monthly electric bill for U.S. residential customers was $144 in 2024 (which is over $1,700 a year), according to the U.S. Energy Information Administration.…
  • kiplinger.com ↗ High Electric Bills? Here's How You Can Save | Kiplinger…
  • en.wikipedia.org ↗ William Sanford Nye (; born November 27, 1955) is an American science communicator, television presenter, and former mechanical engineer. He is best known as the host of the science education television show Bill Nye the Science Guy (1993–1998) and as a science educator in pop cu…
  • en.wikipedia.org ↗ William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend Paul Allen. Following Microsoft's initi…
  • en.wikipedia.org ↗ Martin Steven Lewis CBE (born 9 May 1972) is a British consumer rights activist, financial journalist, broadcaster, author and charity founder. Lewis founded the website MoneySavingExpert.com. He sold the website in 2012 to the Moneysupermarket.com group for up to £87 million. Le…
  • nerdwallet.com ↗ If you pay for your energy on a standard variable rate tariff, the energy price cap applies to you. Many factors affect the price of energy, but this price control measure –regulated by energy watchdog Ofgem –reduces the impact of market fluctuations on your bill. Here’s what you…
  • nerdwallet.com ↗ It’s important to speak to your supplier if you’re struggling to pay your energy bills. Some have financial support and advice available for eligible customers, and you may be able to work out a plan to help clear any debt and pay your bills. [...] While the government won’t be e…
  • nerdwallet.com ↗ There are several different [...] tariffs available, so it can be hard [...] they all work. Find out whether fixed or variable energy, or another kind of [...] finding the right [...] Energy tariffs are simply how you pay for your gas and electricity. Energy suppliers will offer …
  • en.wikipedia.org ↗ Citizens Advice (previously Citizens Advice Bureau and also known as Cyngor ar Bopeth in Welsh) is a British independent organisation specialising in confidential information and advice to assist people with legal, debt, consumer, housing and other problems in the United Kingdom.…

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