GMB: Martin Lewis on how much it is to run Xmas tree lights
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Money Saving Expert founder Martin Lewis co-presented Good Morning Britain with Susanna Reid today and revealed how much it costs to keep Christmas lights on. The financial journalist said people are vowing not to put their Christmas lights on during December to save on energy bills but lights don’t cost that much to run.
Presenter Susanna Reid said: “Talking of Christmas – Martin one of the questions that you get asked a lot – is ‘how much does it cost to run your Christmas lights?’
In response Martin said: “Actually we’ve been doing some numbers on this and a little bit of good news.
“As long as you’ve got the LEDs and not the incandescent lights – the incandescent lights are expensive.
“If you’ve got LED lights – a string of one hundred – which is a pretty decent amount. If you were to have them on for six hours every day over a month would cost 18 pence roughly.”
Susanna then asked “18 pence a day or 18 pence for the month?” to which Martin clarified it costs 18 pence for a month.
This will be good news for many Britons who are trying to keep their energy usage low because of soaring price rises. According to Ofgem, the average British household has 2.4 people living in it and uses 2,900 kWh of electricity and 12,000 kWh of gas.
The average household sets their combination boiler water flow temperature between 75°C and 80°C, yet turning down the temperature from 75°C to 60°C could save people around £112 a year.
To save even more money, people are being advised to turn down radiators in empty rooms and draught-proof windows and doors which could save a typical household an additional £205 a year.
New and basic state pension rates increase – how much you’ll get [UPDATE]
Britons can avoid paying inheritance tax by using their home [INSIGHT]
State pension to hit £10,600 but older pensioners get £2,500 less [ALERT]
State pensioners missing out on £4,000 Attendance Allowance [WARNING]
Express.co.uk has been testing some of the latest money saving tips to see which ones actually work when it comes to saving on energy bills.
Swapping the central heating for an electric throw could lead to significant savings, as could using a slow cooker instead of an oven.
Meanwhile, a dad from Newcastle has shared how he is saving more than £250 a year on his energy bills despite soaring gas and electric prices.
Shan told Express.co.uk he has installed a Tado smart thermostat which has revolutionised the heating of his home and saved him £500 over the last two years.
The 36-year-old said: “We have reduced our gas consumption by around 5000 kWh or 27.5 percent – in today’s price cap money that’s a saving of £505.61!
“A £500 saving will make a huge difference to our finances and using what we have efficiently.
“The granular control and information Tado provides us allows us to make positive changes in heating our home more efficiently and it’s super easy to use.”
Struggling Britons could claim up to five Government grants to help save thousands on energy bills including a free loft insulation grant and a Boiler Upgrade Scheme.
Funding from energy companies varies from loft insulations to upgrading heating systems – but people will need to be homeowners and in receipt of at least one qualifying benefit such as Universal Credit.
Mr Whittaker explained: “Cavity wall insulation can cost around £500 to £600 and can save each household roughly £145 per year. Uninsulated walls let heat out, which means some of the money you spend on your heating is completely going to waste.
“Energy companies can fund cavity wall insulation for private homeowners or renters. Not all homes can have cavity wall insulation and so a survey will need to be carried out first.
“This can be arranged free of charge so there is no cost to find out if you are eligible for the grant and if your home is suitable.”
Good Morning Britain airs weekdays on ITV from 6am.
Source: Read Full Article