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 Norwood Green 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.
If the Government is ever to meet its legally-binding target for 12 per cent of the UK’s heat to come from low-carbon or renewable sources, district heating will play an integral role. Yet district heating currently represents a minuscule fraction of the UK energy sector, with only 210,000 homes and 1,700 businesses currently connected. This stands in stark contrast to other countries like Sweden, Denmark, Germany and South Korea where a far higher proportion of people receive their heat via such networks.
If operated effectively, there is no doubt district heating schemes can be more efficient, lower cost and emit less carbon dioxide than gas or other alternative heating models. However, there is a real risk that the environmental benefits of district heating are being obscured by a very real perception among consumers that they do not offer a fair deal.
At least six district heating schemes currently operate in my constituency of Greenwich and Woolwich at New Capital Quay, The Movement, Greenwich Square in East Greenwich, Greenwich Millennium Village (GMV) on the Peninsula, Woolwich Central on Love Lane and Royal Arsenal Riverside in Woolwich. A fifth is to follow at Enderby Wharf in East Greenwich. Over the past five months I have amassed a bulky file of correspondence from constituents who are served by these networks and who believe that they are being unfairly charged and that there is a lack of transparency about what is covered in their bills.
The UK district heating market is still in its infancy and so low levels of consumer confidence might be expected. What exacerbates the low levels of consumer confidence in this area is the absence of consumer choice. If district heating customers enjoyed the same freedom of choice that others on the grid do they could respond to concerns over pricing and transparency by switching supplier. Instead, they are locked to monopolies from which there is no escape.
The current state of affairs cries out for effective statutory regulation. The most recent consultation on district heating regulation occurred in 2014 and little appears to have moved on since the Government’s initial decision not to regulate the market on the basis that it would drive investment in the sector by avoiding red tape.
District heating suppliers have sought to build trust and confidence in the market by establishing the Heat Trust, an initiative sponsored by the Association for Decentralised Energy (ADE). Given the levels of consumer mistrust that now exist this industry-led approach can only ever be an interim solution. First, the voluntary nature of the Trust does not guarantee universal coverage for all district heating consumers. Second, it will do little to reassure customers that the market operates on the basis of fair and consistent pricing, particularly when one considers that the Heat Trust’s pricing formula is benchmarked to gas networks that utilise very different technologies. Third, it is not an adequate substitute for the redress provided by a sector Ombudsman.
If we are to effectively protect district heat customers and build confidence in a market where future success is crucial to the UK meeting its legally binding targets on low-carbon heat, the Government needs to look seriously at introducing effective regulation of the industry, and quickly.
Energy Bills - 5 Tips to Reduce Your Utility Bills in Any Season
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.
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