The Experts’ Guide to Saving Money this Winter

A recent study held by market researchers HPI has found that 25 to 34 year-olds are the most likely age group to turn down their radiators, even more so than pensioners. The study also found that 32 percent will ‘definitely’ turn down the heating or turns lights off in a bid to save money.

With the recent price hike in winter energy prices, families and students alike are feeling the pinch this December and are worried about cover costs for the Christmas period; not mentioning the costs of running Christmas lights! Fortunately there are plenty of tips and tricks to ensure that your money goes the distance and keeps your family cosy this winter.

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Q: What are your top tips for homeowners wanting to save energy and money around the home this winter?

1. Invest in double-glazed windows. Approximately 20% of heat in your home is lost through windows and doors. Not only do double-glazed windows provide extra security and added value to your property, they can cut heat loss by half. A rough guide for pricing sets double-glazed windows at about £300-400 per window, but it’s always worth getting multiple quotes.

2. Install radiator reflectors. Placing laminated foil behind radiators on external walls will reflect heat normally lost through the wall back into your home. £30-40 will give you enough laminated foil to fit up to 10 radiators.

3. Insulate your hot water tank & pipes. Hot water tank insulation should be 75mm thick for optimum energy saving. Fitting a British Standard jacket around your cylinder will cost you a mere £15 and will cut heat loss by over 75%, saving you around £45 a year.

4. Integrate a water meter. If you don’t have a water meter installed by your supplier then your bills are most likely estimated according to the size of your house. While this may be on point in many cases, you may be overpaying. Switching to a meter also gives you the ability to keep an eye on your own usage.

5. Minimise the impact of hard-water. Lime scale builds up in the pipes of homes located in hard-water areas, resulting in higher fuel and maintenance costs. A simple device can be purchased, which wraps around the main incoming water pipe of a property and emits an electric signal that stops new scale forming and gradually removes existing scale, saving you up to £200 a year on energy.

6. Make the most of Government-subsidised insulation. The Government’s Energy Companies Obligation (ECO) scheme allows energy suppliers to offer many households free loft or wall insulation. Eligibility is based on postcode, household benefits received and the type of house, but if approved it can save you up to £140 per year on heating bills. You can contact any of the major suppliers to find out if your household is eligible.

Q: With the increase in energy prices, how can homeowners ensure that they are getting the best energy deal possible?

There’s no substitute for smart research when it comes to finding the best deal on your energy. Start with a visit to GoCompare.com or Which.co.uk and get an idea for the average pricing in your area for energy bills. Once you’ve picked the best of the bunch, start calling around and play the suppliers off against each other – they will generally change their tariff pricing in order to receive your custom.

Continue reading the article at Wilko: The Experts’ Guide to Saving Money this Winter