Money Saving Tips – gas & electricity bills
This week I decided to look at ways I could use money saving tips to reduce my household bills and generally do a quick stock take of where my family’s finances are at. My house is a 4 storey Edwardian detached property and despite my best efforts to reduce our energy consumption we are still a high energy user. I’m pleased to say that by only having the heating on when needed and encouraging the use of showers instead of baths the gas and electricity bills are starting to come down, but not fast enough!
I don’t know if you saw the news that it’s predicted the average annual energy bill will be bigger than than the average annual mortgage payments within the next 12 years so I thought it was a good time to review whether I could save any money by switching to a new energy provider. I have been with First Utility for the last few years and been very pleased with the service, but at the end of April they withdrew the tariff I was on and switched me to a more expensive one.
So I went online and had a hunt around to see which was the cheapest gas and electricity provider for me by entering my energy usage for the last 12 months. I used a number of different comparison sites to ensure accuracy. According to the comparison charts Spark Energy could save me £999 a year but having seen they featured on Watchdog and have a terrible customer service record I didn’t think this was a good choice. So in the end I plumped for npower signing up through Energylinx which will reduce my bills by £577 a year and earn me £32 cashback at Quidco. I subsequently saw I could have earned £60 cashback at Quidco by switching to npower direct, so I could have done even better!
So in terms of money saving tips I’d advise to always review your utility bills regularly and see whether you can shave any money off them. However, I would never recommend using money saving tips that are going to cause you stress so if you see a provider has a poor customer service record with a lot of online complaints avoid them. True you may save more money in the long run, but if you have to spend hours on the phone you are wasting your valuable time when you could be doing something much more pleasurable.
I’ll be looking at other household bills I’ve managed to reduce in future blog posts. If you’ve recently reduced your own energy bills feel free to leave a comment and share your tips too.