Saving on your energy bills this summer

With summer on its way, now is a great time to think about ways to save money on energy bills as we draw closer to the new season. Join us as we look at some practical methods for savings on your energy bills.

With summer on its way, now is a great time to think about ways to save money on energy bills as we draw closer to the new season. The cost of wholesale energy has increased sharply, meaning that we are all paying much more for our gas and electricity. In some instances, customers are being charged an additional 50% per month. Join us as we look at some practical methods for savings on your energy bills.

  • Replace light bulbs now, to save in the long run

    Energy-saving light bulbs can easily help you cut down on your energy bills. For instance, an LED light bulb costs around £1.50 per year to run, compared to the old-style halogen light bulb that costs around £8.50 per year to run. If you consider this cost in the long run, you could look to save around £180 a year on energy bills by simply replacing the light bulbs in your home.

  • Flick the switch at the wall, avoiding standby mode

    Do not leave your electronic devices on standby. This is especially true with older devices, as they may not have a limit on standby power consumption, which is a feature that is exclusive to more modern devices. According to the Energy Savings Trust, you could save up to £55 a year by turning off your appliances when they are not being utilised.

  • Install or use existing central heating controls

    Most households have some form of control that is used to control central heating and your hot water supply. Learning how to use your controls effectively can really contribute to saving money in the long run. For instance, knowing when to set your hot water tank or boiler to suit your schedule will help to maximise efficiency and control, meaning that you do not have to pay to constantly heat your water supply. Naturally, money can be saved during the summer months, so making sure that your settings are optimal during this period is key to saving money. According to the Energy Saving Trust, each degree that you turn up your central heating translates to a 10% increase in your heating bill.

Prepare for the future

As we draw ever closer to summer, now is a great time to think about ways that you can save money on your energy bill. Moreover, that extra money that you are saving on energy can be contributed to your savings account, which could be paid towards a summer holiday or to help build your financial resilience. We are here to help you save, but also there if you need to borrow.

  • The information provided in this article is for guidance and educational purposes only. Police Credit Union Ltd. does not offer regulated financial advice. Please seek independent financial advice.

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