Nearly 50% of households are managing their energy consumption this winter due to soaring energy bills, a recent study has revealed. A survey conducted by MoneySuperMarket indicates that 45% of respondents have delayed turning on their heating compared to last year. Furthermore, 10% have had disputes within their families regarding heating usage, with 6% expressing concerns that someone in their household fell ill due to inadequate heating.
These findings coincide with the imminent increase in Ofgem’s price cap, set to rise to an average of £1,758 annually for numerous households, marking a 50% surge since the cap’s inception in 2019. Over half of households believe that the cost of living has worsened over the past year, leading to 31% making financial cutbacks.
Laura Hinton, representing MoneySuperMarket Energy, emphasized the financial strain on households, suggesting measures to alleviate energy costs. She recommended exploring fixed energy deals for potential savings of up to £395 and shielding against future price hikes through online switching processes.
In addition to these suggestions, installing a smart meter can provide real-time energy usage insights. The Energy Saving Trust offers 12 tips to reduce energy expenses during the festive season, including adjusting boiler temperatures, using draught excluders, optimizing dishwasher and washing machine usage, and embracing energy-efficient lighting options.
Other recommendations involve adjusting thermostat settings, leveraging electric ovens for batch cooking, and utilizing timers for Christmas lights to save on energy costs. These practices, alongside freezing leftovers, using rechargeable batteries, and adopting energy-efficient habits, can contribute to long-term cost savings and reduced environmental impact.