Ofgem announced its cap this morning, meaning lots of households may see their costs go up by over £200 a year. Laura joined us in the studio to explain if now is a good time to try and switch your energy tariff, or if it was better to switch. Plus, with costs expected to continue to rise because of the Iran War, she shared some cost-cutting tactics she uses, to help keep those bills at bay.
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If you pay by direct debit, check your energy credit balance. May is a really good time to do this because winter has finished. Experts say you should keep around 1.5 months’ worth of credit on your account. So if your direct debit is £150 per month, keep around £225 in credit.
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Check your boiler is working efficiently and serviced. An efficient boiler should significantly reduce your energy consumption. (ENERGY SAVING TRUST) Also, servicing your boiler in the summer can be cheaper as you may be able to get off-peak rates from engineers who aren’t as busy. (WHICH?)
