For many Londoners, the cost of living is already very high. Monthly energy bills for their gas and electricity are unavoidable but switching regularly can reduce those outgoings significantly. Comparing your last year’s bill every twelve months might seem like a chore but it could pay for your holiday each year if you play your cards right and do the leg work. It really doesn’t take that long, especially if once you’ve done it a few times. Find your favourite comparison site covering the Enfield Island Village area and set a yearly reminder on your phone. Then act on it each year to make the most saving possible.
To find the lowest tariff you might need to look at your gas bill and your electricity bill separately. This is easier than you might think at first. Ove you’ve selected the best tariff for both services your gas and electric bills will be lower and you can start to plan that summer holiday.
More Energy Saving Tips
As we all know running the home central heating during the winter months can be expensive, but did you know there are some simple things you can do that can help bring down those costs. Your central heating boiler is an essential part of your home, it supplies you with unlimited hot water when you need it, and it keeps you warm in the colder months.
First, make sure that you have your boiler serviced each year, preferably before the winter kicks in. Your central heating boiler is just like a car engine, if left unserviced, over time things will start to go wrong, the same goes for the central heating boiler.
If your central heating boiler is not serviced and something is starting to go wrong your energy bills will start to rise, your boiler may need to work harder to reach that desired temperature thus higher bills, if the boiler is maintained and checked over, anything that needs adjusting or replacing can be carried out.
Another simple way to save money is to make sure the radiator itself has nothing around it, keep it clear so the heat can penetrate the room, don’t put clothes that you want to dry on the radiator put them on a clothes horse close by they will still dry. When you put clothes on the radiator all the heat is lost into the clothes and the room takes longer to heat up. Pipe insulation is another way of cutting down those energy bills. Any pipework that you can visibly see should be insulated. By fitting insulation to the pipes you are reducing the heat loss from that pipe, you can buy pipe insulation from the local DIY store.
These are just a few of the ways you can save on those central heating bills, and remember when you have the central heating boiler serviced, only use a registered gas safe company or engineer.
Now that you’ve saved money on your gas and electricity bill why not look at the other monthly costs that eat into your usable reserves and save even more money each month.
Energy suppliers are feeling increased pressure from the government to regulate and lower the cost of their fuel prices, after three of the big six energy suppliers have raised their energy prices once again by 20%.
The companies have all blamed the rise in gas prices on the rise in the wholesaler's prices.
The first thing to understand is that these companies we pay for our gas and electric bills, rarely produce the energy themselves. Like any other retailer, they buy their product from a wholesaler.
Q: If we check how much wholesalers are selling their fuel for, will it show if energy suppliers are justified in their high fuel prices?
If only it was that simple!
There are a lot of energy prices on the market, and they change every day, therefore the cost will differentiate when supply and demand goes up and down.
Wholesale prices are set at which period or season they are selling for. For example, a wholesaler and energy company may strike up a deal called 'winter 2017'. The energy firm is agreeing to buy gas to be shipped to them throughout October to March.
More expenses and pay outs are unlikely to do the economy any good.
Q: why doesn't the existing competition lower prices anyway?
Tariffs are still likely to mirror each other. Every time one supplier announces a price hike, it becomes easier for others to do the same, similar to how the cost of petrol can fluctuate so easily.
What you have to remember is that the 'big six' energy companies are trying like the rest of the economy, to make money, and that they'll be playing the field to get the best prices and stay on top of the market just like any other profit driven firm.
As a vocational training provider of plumbing, electrical and gas courses to people throughout the UK we inform our trainees of national news that will affect them and their customers.
So you want to know how to save money on energy bills? Well, the first and most popular way people tend to inflate parts of an energy bill is excessive ignorance. It's simple. People are ignorant when they drive, when they use certain systems at home, and when they use energy in general. The very first thing you must conquer is the amount of energy you do. The mindset is where it starts.
Another thing you'll want to invest in is your own solar grid or windmill to capture your own solar and wind energy. Don't know how? No problem. Earth4Energy can teach you. It's a guide that shows you more than enough ways to cut your energy costs up to 90% and save you thousands of dollars. You will be able to build your own solar grid and windmill. After reading this guide, it wouldn't be so hard.
How Does the Wholesale Price of Gas Affect Household Energy Bills? Q and ALucy Symons, Director of Public Policy at Open Energi calls on policy makers to make regulation fit for purpose
This winter, the UK is expecting high demand for electricity supply and an increase in costs. Renewable power sources are starting to fill the gap left behind by closing coal power stations, but they generate more when the sun shines or the wind blows and are not necessarily available when people turn on their televisions in the evenings.
National Grid pays gas and coal plants and diesel farms to turn up or down their supply whenever there’s an increase or decrease in demand for electricity. This winter alone, keeping power plants going for peak demand is forecast to cost consumers £122 million, while an estimated £800 million in subsidies may be awarded to diesel projects under the Government’s Capacity Market. This is expensive, slow and not very green. Energy prices and security of supply are top political priorities, but when it takes four years and a lot of money to build a power station, there needs to be a more efficient solution.
The good news is that Great Britain has a thriving energy technology sector with a vast portfolio of innovations that can step up to this immediate challenge. Open Energi, a dynamic UK tech firm, uses technology to link together more than 3,000 machines — like air conditioners in your local supermarket or the pumps moving our water — and switches these machines on or off during the day to make power available when it’s needed by consumers, or to store electricity after a big gust of wind. This technology is already installed at over 350 industrial and commercial sites across the UK including Sainsbury’s, Tarmac, Aggregate Industries, United Utilities and University of East Anglia. Developed right here in Britain, this is powerful technology. On cold winter evenings, it can function just like an entire nuclear plant. Demand flexibility is the first line of defence in an energy security crisis, which is characterised by successive power plant failures rather than a lack of supply.
But this ‘demand-side’ energy tech faces major barriers in UK energy markets. Companies like Open Energi cannot prequalify for the government Capacity Market and cannot compete directly against gas plants in the balancing mechanism. The fast, flexible power they provide is instead only accessible via monthly tenders and procurements. Faced with a national energy security crunch on one hand and with the tech needed to solve it bound only by markets that aren’t fit for purpose, there is an immediate opportunity to unleash competition. Unlike other energy projects, demand flexibility requires no state subsidy at all. All that we ask at Open Energi is that the regulations are updated to ensure ‘demand side’ (when we turn demand up and down) is given the same treatment as ‘supply side’ (when new power is generated) in the existing energy markets.
Deploying demand flexibility and storage at speed to solve an energy crunch at scale is a proven path. In 2015, Californian policymakers were faced with a shutdown at the state’s biggest gas storage facility, threatening peak shortages and blackouts. To solve this immediate challenge with an immediately available solution, policy-makers fast-tracked 64.5MW of electricity storage and approved $11.5 million for demand response and dynamic pricing. Energy storage projects were constructed in less than four months, compared to a previous average of three and a half years.
Applying the same market mechanisms in the UK could dramatically change the game for energy security on the GB grid as early as next winter. With over 1GW of energy storage prequalified for National Grid’s recent Enhanced Frequency Response tender, of which only 200MW was purchased, it’s clear we have the appetite from investors to bring innovation to market. The challenge now rests with policy makers to make regulation fit for purpose in a modern age of energy technology innovation.
Lucy Symons is the Director of Public Policy for @openenergi and recently travelled to California as part of a delegation of female founders leading some of the UK’s fastest growing tech firms.