How to save electricity costs – tips and tricks to find the best offer

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    Household bills can be a burden if you don’t apply best practices to lower the cost of your monthly needs. One of the best approaches to cutting down on monthly bills is to find ways to save money on energy. Your energy bill is probably one of the highest costs to deal with, especially if you don’t know important tips and tricks to keep it down.

    If you’ve been using the same energy company over the years, you may not be able to try other affordable options that can save you good money. Instead of taking this approach, switching between providers can help you lower your energy bills every month. You don’t have to stick to the same provider, especially if your loyalty doesn’t work.

    If you are using the same provider, it is time to rethink your strategy and source solutions from other energy providers. Here are important tips to keep in mind in order to lower your monthly energy bills:

    1. Get the best deals

    There are options to choose from in the market. Finding the best deal can save you a lot of money all year round. Most of the good deals are affordable green tariffs.

    Consider finding cheap energy deals from time to time to save on your energy bills. Search the internet and compare the offers available to choose the best value for money.

    1. Go green to save energy costs

    Green tariffs are increasingly flooding the market. You have more options to be more environmentally friendly with your continuous energy consumption! Government policies and actions are most likely to favor those who use green tariffs.

    Energy vouchers for energy efficient houses can help you to reduce your energy costs. You can apply for these grants from the government to save on your monthly expenses.

    1. Keep checking the energy price cap

    Be aware of what happens to the energy price control measures. There is an upper price limit for fixed-term standard tariffs and variable standard tariffs. This information will help you make the right decisions.

    There are better deals out there than Ofgem’s 2019 cap of £ 1,137 per year. Some suppliers use the price cap as a target instead of the cap.

    1. Use fixed energy tariffs

    Fixed tariffs are cheaper than variable tariffs. Typically, the best landline tariffs are around £ 150 cheaper than the standard variable tariffs. But don’t forget to switch again – otherwise you will find yourself on a variable standard tariff after the fixed contract expires.

    If you don’t specify the offer you want, the service providers will likely put you on a variable rate that will be expensive for you. It is wise to always make sure that you have a solid deal.

    1. Make a smart switch

    Knowing when and how to switch is a great tip for applying. The best decision comes from a thorough tariff comparison. Most importantly, you use a website that will help you find cheaper energy deals.

    The best services will show you the options available and the savings you can make by switching between them. Compare your current energy usage with the available offers to help you make the right switch.

    1. Save on your payment options

    There are many ways to cut your energy bills, and that includes getting money back in warmer months if you have credit with your utility company. Precautions can be taken and this will save you quite a bit of money. Use direct debit and online accounts to save a few pounds, especially if they accumulate over a year.

    1. Minimize your energy consumption

    Instead of focusing solely on cheaper tariff deals, you can look for better ways to reduce your energy consumption. Simply switching off devices when not in use can significantly reduce your energy consumption.

    Use smart thermostats to monitor and reduce your energy consumption. For example, they can help you turn on the heating in specific rooms that you use at a specific time, rather than the entire house.

    Reduce yours Energy bill today!

    You can save a lot of energy with the right tricks and tips. This information should help you find the best deals and reduce your energy consumption at home!

    Disclaimer: MoneyMagpie is not a licensed financial advisor, and therefore the information contained herein, including opinions, comments, suggestions, or strategies, is for information, entertainment, or educational purposes only. This should not be viewed as financial advice. Anyone considering investing should do their own due diligence.



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