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How to save money on your Gas & Electricity
Moneyfacts Utilities best buys:
Ten top money saving tips to cut the cost of your gas and electricity:
- Pay monthly by direct debit as suppliers often offer a discount if you set up a direct debit with them; or
- Use a price comparison site to compare all the Gas & Electricity suppliers and prices for your area simply and easily.
- Choosing online billing may also reduce your gas and electricity bills. It’s also convenient and better for the environment too!
- Gas and electricity suppliers also offer discounts for dual-fuel, where you have both your gas and electricity with one supplier.
- April and October are good months to switch gas and electricity supplier. The industry tends to review its prices around April and again in October so it’s a good time to check then to see if you could benefit from any savings.
- Reduce your electricity usage by turning off lights and appliances and by using energy efficient light bulbs. Read our Saving Energy guide for more energy saving tips and advice.
- Reduce your gas usage by turning down your thermostat by 1 degree, closing curtains at night and by insulating your loft. Read our Saving Energy guide for more energy saving tips and advice.
- Switch now if you’ve never switched gas and electricity supplier. If you’ve never switched before this means you’re using British/Scottish Gas for gas and your regional electricity company for electricity; in which case you can cut your bill by up to a massive 20% by switching.
- Get an energy grant. There are grants available for improving home heating and insulation. Go to the Energy Saving Trust’s energy grant search for more details.
- Think twice before you sign up to a price capped tariff. Whilst they have the benefit that the price won’t rise for a fixed period, the cheapest capped tariffs can be more expensive than the cheapest uncapped tariffs and you may be locked in to the tariff for a year. It’s better to have the freedom to switch and save whenever you want.
Related Links:
- Compare Energy Prices
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