Nearly 50% of households are managing their energy consumption this winter due to soaring energy bills, according to recent research. A study by MoneySuperMarket revealed that 45% of individuals have postponed using their heating compared to the previous year. Additionally, 10% have had disagreements with family members over heating usage, while 6% believe that inadequate heating at home has led to illnesses.
With Ofgem’s impending price cap raise to an average of £1,758 annually for numerous households, a 50% increase since its introduction in 2019, financial strain is evident. Over half of households feel the cost of living has worsened in the past year, prompting 31% to make financial cutbacks.
Laura Hinton from MoneySuperMarket Energy emphasized the financial pressure on households, suggesting strategies to manage energy expenses. Switching to fixed deals from standard tariffs could save up to £395 and shield against future price hikes. Smart meters offer real-time energy tracking, aiding in identifying power-consuming appliances.
Furthermore, the Energy Saving Trust offers tips to reduce energy bills during the holiday season, such as adjusting boiler temperatures, using appliances efficiently, and embracing energy-saving practices. Implementing these recommendations can result in substantial yearly savings and a more sustainable energy usage approach.