Three simple ways that people in Bristol can save on their energy tariffs
Small suppliers and new entrants are usually welcomed into the energy market. Not only do they broaden the range of choice available to customers, but they also fuel competition between the big six providers.
However, new supplier Co-op Energy has bucked the trend, with their recent price hike sending it plummeting to the bottom of the energy best buy tables and limping in behind Britain’s big six suppliers.
The price of gas and electricity with the firm has been increased by £101 (8.7%), which will leave new customers with an average dual fuel bill of £1,258 per year.
With this in mind, saving on your energy tariffs is more crucial than ever. Here are the top three ways to keep energy costs down this year:
Green Deal: Bristol
As part of the Government’s Green Deal, homeowners within the Bristol City Council area are eligible to apply for home energy improvement grants. The £2.8m scheme provides a grant towards heating system improvements based on expected savings. The cost could be fully covered if you are entitled to certain benefits – but for those who are not, there is an innovative ‘pay-as-you-save’ finance option in place. The offer is time-limited and will be run on a first come, first served basis.
Mayor George Ferguson said: “This is just the type of scheme that Bristol should be running. Retrofitting homes with practical energy saving measures is an excellent way for householders to save money on their bills, and the city as a whole to cut its carbon footprint.”
Switching your method of payment can see you potentially reaping the financial rewards. Customers who pay by direct debit are often rewarded with discounts; although for those who don’t want to set up a standing order, discounts are sometimes available if bills are paid promptly.
It is always worth comparing the market to find the best deals suited to your personal usage. With so many energy suppliers battling it out to provide their customers with the best deal, the competition is truly ferocious and consumers are advised to take full advantage. Online tariffs are generally the cheapest. Compare gas and electricity prices with Money Expert.
Do you need to heat every room in the house? Could you put on an extra jumper instead of turning up the heating? Reducing room temperatures by just 1°C can slice around £55 a year off average heating bills, according to the Energy Saving Trust. Some suppliers give energy monitors away for free, which estimate in real time how much energy you’re using, helping you see exactly where you can cut down.