Leave high energy bills out in the cold

According to moneysupermarket.com, the recent cold snap will cause winter energy bills to significantly rise – particularly as Brits typically utilise approximately 40 percent of their annual energy consumption throughout the winter period.

Therefore, the price comparison site has offered some top tips for minimising gas and electricity bills:

  • Turn the thermostat down – even by just 1°C, which could lead to a saving of 10 percent on annual heating bills.
  • Switch off electrical appliances rather than leaving them on standby as this still uses power.  For example, a computer on ‘sleep’ mode will reportedly continue to use 75 percent of its energy.
  • Invest in insulation as 25 percent of heat is reportedly lost through roofs that are not properly insulated.  Pensioners and those on low incomes could be entitled to a grant for this purpose.
  • Only heat rooms of the house that are utilised the most, and purchase a low energy heater.
  • During thewinter it can pay to close curtains as soon as dusk sets, as they keep heat in.
  • Switch to energy saving light bulbs to save up to £40 during the lifetime of the bulb.
  • Purchase a microwave oven as they reportedly use far less energy than traditional cookers.
  • Avoid draughts around doors by purchasing a DIY draught excluder pack, which can be found in most DIY stores.  Good draught exclusion around an average terrace could reportedly save an estimated annual sum of £25.
  • Double-glazing can reportedly reduce heat loss by 50 percent, thereby resulting in an annual saving of approximately £100 on bills.
  • Do not fill the kettle with more water than required – it will then boil faster, thus using less energy in the process.
  • Have a shower rather than a bath, as the former uses around a third of the water.
  • When using a washing machine, turn the temperature down to 30°C.  Washing powders are now so efficient that they do not need to be used at high temperatures.  Better still, wash by hand and only use the spin function of the washing machine.

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Homeowners who would like to improve the energy efficiency of their property, but do not have the funds required, could consider taking out a secured loan for home improvemets.  One of many finance options available, a secured loan for home improvements could allow borrowers to embark upon an array of projects around the home.  For example, roofs could be adequately insulated and single-glazed windows could be replaced with double-glazing to reduce heat loss.  Not only could such actions reduce heat loss, but they could also reduce energy bills.

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Tuesday, February 9th, 2010 Finance news