How To Save On Energy Costs As Prices Soar Throughout The UK?

As energy inflation continues to rise and financial anxiety shortly follows, we at Wearth wanted to help by offering energy-saving tips that will also better our planet.

Inflation in the UK has hit an all-time high for 30 years of 7% as energy prices surge beyond belief, leaving everyone worried about how they will fare through it all. Through the last months, we have watched as the cost of everything that we deem essential creep up around us, with little that we can do to stop it. Petrol prices rose by a staggering 12.6p per litre between February and March and food prices have also experienced inflation of their own, meaning that overall living costs have soared for everyone in the UK. Now the cherry on top of the severely overpriced cake comes in the form of heating bills, as the price cap on household energy has risen by 54%.

energysave

Rising by over half the cost that it originally was before April 1st, the average household can expect their energy bills to increase by nearly £700 a year. The strain that this sort of amount places on any home is unarguably worrying and it may have you questioning what the reasons for a price cap rise are.

Why are energy prices rising?

Like any type of price inflation, the reason behind the costs of energy bills rising so greatly is due to its supply and demand. Over the last year, gas usage was increased across Asia and Europe due to an upsurge in extremes of weather conditions. In Europe last winter, we saw much colder weather, resulting in central heating being used more frequently. These extremities of weather are a clear consequence of the rise in global warming and climate change.

Just last month in the UK we saw freak weather as it snowed and then followed with the sun shining all within minutes, with more polar weather happening throughout the rest of the week. The spikes that we are seeing in weather conditions are a result of global warming, which creates unsettlement within the earth’s balance. This in turn drives up the need for gas usage for heating and air conditioning, which then surges the price of energy.

global warming

Unfortunately, this wavering extremity of weather creates a damaging cycle. Severe weather creates increases in gas usage, which then contributes to global warming, which creates further weather extremes, and so on. Therefore, when finding ways to help save on energy, we wanted to offer practical sustainable solutions that also help tackle the undeniable source of the problem.

Here are some of our top tips for saving energy sustainably:

Hanging out washing to dry

Now that days are getting little warmer, air-drying clothes outside is a great way to cut back on energy expenditure. A tumble dryer would cost on average 80p per cycle, which equates to about £40.20 each year if you only do one wash a week. For most people, in a busy household, this number could rack up to a lot more. Air drying is completely free and great for the environment.

Unplug all electronics and appliances that aren’t in use

Although you may not be charging anything when chargers or appliances (toasters) etc are left plugged when not in use they still use energy. Ensuring that all devices such as laptops are unplugged, and appliances removed this helps save on energy costs. After removing appliances, plugs should also be switched off at the mains to save on energy costs.

Swap CFL lightbulbs for LED’s

LED lightbulbs are an incredible 90% more efficient than standard household lightbulbs. This means they require a significantly less amount of energy to power a light at the same standard as a normal CFL lightbulb would. They also contain no harmful gases, making them the perfect energy-saving, eco-friendly option.

Watch the washing

Washing machines, as essential as they are to most, can make a substantial difference to the cost of your energy bills. Knowing what to keep your eye on when using them can help save a lot of money on washing. The first thing to keep in mind is trying to use your machine only when it’s a full load. Washing half loads can waste energy and water. Secondly, using your washing machine at 30 degrees works perfectly and is much more energy-efficient, washing detergents are refined enough now that clothes do not need to be on a hot wash to be cleaned properly. Lastly, do not be afraid to use the eco-setting on your washing machine.

airdrying washing

Check for drafts

If you live in a house especially, there are plenty of chances for heat to escape from your home. Taking 10 minutes to check around windows, doors, even cupboards, etc to see if air is escaping could help save greatly on energy costs. Insulation is key for energy efficiency.

Keep the Kettle Steady

A surprising one that some may not know, is that overfilling your kettle when boiling it wastes energy. By only filling up your kettle to the amount that is necessary for what you want to use, you can help save up to a third of the energy that you have been using.

Close your curtains at night

As previously mentioned, insulation is extremely important to aid in energy efficiency. One great way to help warm your home is by keeping curtains/ blinds open during the day to allow natural light to heat your house and then in the evening closing your curtains to keep that warmth in. Trying to use natural methods where possible to heat or cool a home is much preferred to keep energy prices down.

Installing a smart meter

An option that has become significantly more popular over the past few years is the usage of smart meters for gas and electricity. These meters automatically read and update your energy usage in live time, so that you are able to see how much energy you are using as it is happening, as well as how much it’s costing. The meters are a great way to keep track of how much you are spending. Many smart meters also come with apps where you can input monthly budgets and other money-saving tools.