The amount of electricity you consume is a function of both the volume of electricity you consumed multiplied by the price per unit of electricity consumed. For example:
If you consumed 100kWh (volume of electricity consumed) x 5 pence per kWh (price per unit of electricity consumed) the total electricity cost would be
100kWh x 5p/kWh = 500p
500p / 100* = £5.00
*divide by 100 to convert it to pounds
So in order to save money on your electricity bills, you should carry out the following exercise:
Step 1 – Use our autoswitching service
Sign up to our services to ensure you are always on the best energy price deal in order to reduce the rate you pay for the energy you consume.
Step 2 – Practical ways to reduce the volume of energy consumed
Below are some of the changes you can make that will have a greater impact in helping you reduce the volume of energy you consume.
Replacing all the fluorescent lightbulbs with LEDs in an average sized property will save you on average £30 per year.
Washing your clothes at 30C, rather than 40C can help you save £13 per year on your electricity bill. Washing your clothes at 20C would result in a further increase in energy savings.
Reducing the amount of time it takes to have a shower by 5 mins can help reduce your annual energy bill by around 1% to 2%.
The average running cost of a Fridge Freezer is around £23 per year. Keep the temperature setting of your Fridge between 3C – 5C and Freezer at -18C to ensure the most efficient operation.
When an appliance is up for replacement, consider replacing it with a more energy efficient appliance, preferably one with a A or greater rating. An appliance with a higher efficiency rating can use around 20-30% less energy compared to a standard appliance. For example, operating an A+ washing machine compared to a standard unit can save around £15 per year.
Your boiler on average consumes a total of £300 per year in gas and electrical costs. Reducing the temperature setting of your boiler can help to save around 2% – 3% on your annual energy bill while still providing hot water and heating at a comfortable temperature.
Educating the household can have a massive impact on how much energy you consume to the point it becomes standard day to day practice . This can involve very simple measures such as:
Ensuring all lights are switched off when everyone has left the room;
Switching off all appliances before going to sleep;
Avoid switching on the lights if there is enough daylight to light the room sufficiently.
A tumble dryer can consume up to £100 per year. You can save energy by air drying your clothes instead of opting to dry them by using a tumble dryer.