Brit says it's 'frightening' to look at smart meter due to steep bill
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News that energy bills are going up again emerged this week as experts at Cornwall Insight predicted the average household will have to fork out £4,266 a year for their energy bills from January. However, there are two simple tips people can adopt to make savings of up to £970 a year.
Already the average household is struggling to pay soaring energy bills after the energy price cap increased by 54 percent in April of this year – the largest annual increase on record since 1970.
Some people have been calling for Britons to cancel their direct debits in protest of how much energy bills are skyrocketing.
However, personal finance experts are warning against cancelling direct debits as it could land people in more hot water.
Many Britons will have exhausted every money saving tip in the book and have taken on board energy saving tips in a bid to reduce their bills.
More than 20 million people in the UK have a smart meter but not everyone is making the most of its full potential.
One way to make savings with a smart meter is by linking it to an app on a smartphone so that data can be accessed in an easy to understand format.
Some users have seen their energy bills reduce by 25 percent after installing the Hugo app.
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Founder Ben Dhesi said: “Energy prices are showing no signs of going down any time soon, so there needs to be a way for households to be more engaged with how much energy they’re using so they can save money.
“The UK government attempted to get households more engaged with their energy usage by rolling out smart meters with ‘In Home Displays’, and my previous work made me realise how powerful smart meter data really is when you engage with it.
“But the truth is – who is really regularly checking their smart meter?
“Unless you’re standing right next to it, you won’t go out of your way to have a look.”
He continued: “Direct debit customers paying default tariffs saw their annual electric bills rise from £1,277 to £1,971 per year in April, based on average usage.
“We’ve seen savings of up to 25 percent – that’s £490 per year saved on electricity alone for households spending around £1,900 annually.”
Another way people can save a further £480 a year is by swapping their oven for a slow cooker.
GoCompare Energy asked people what they are doing to save energy:
- Turning off lights when they leave the room – 64 percent
- Turning off appliances when they’re not being used or in standby mode – 54 percent
- Not filling the kettle to the top – 45 percent
- Washing clothes on a lower heat setting – 39 percent
- Taking shorter showers – 36 percent
- Changing light bulbs to LED bulbs – 28 percent
- No longer using the tumble dryer – 24 percent
- Making the house more energy efficient – 19 percent
- Going to bed earlier – 18 percent
- Using the slow cooker instead of the oven – 17 percent.
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