We have some exciting news to share! The Motley Fool UK has now become The Twelfth Magpie -- an independent, UK-owned company, led by our long-serving UK management team — Mark Rogers, Chris Nials and Heather Adlington. In practical terms, it’s the same team you know, now fully focused on serving our UK readers and members.

Just as importantly, our approach remains unchanged: long-term, jargon-free, and on your side. This site is our new home, and there will be extra tweaks made across the coming few days as we settle in. So if anything looks a little off, please bear with us!

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Big Energy Saving Week: 10 tips to reduce your fuel costs

To celebrate Big Energy Saving Week, here are 10 tips to help you cut your home energy bills without compromising on comfort.

Close-up Of A Piggybank With Eyeglasses And Calculator On Desk

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Twelfth Magpie’s Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!.

Ready to make some home energy savings? Then you need to check out Big Energy Saving Week. Here’s what the campaign’s all about, and some of our top tips for cutting your fuel bills this year.

Big Energy Saving Week

Big Energy Saving Week is a national campaign run by Citizens Advice and the Energy Saving Trust. It runs from 18 January to 24 January 2021, and it’s all about helping you spend less on your utility bills.

Should you buy Rolls Royce shares today?

Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from US tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial discounts, offering savvy investors plenty of potential opportunities to learn about.

That’s why this could be an ideal time to secure this valuable research – Mark’s analysts have scoured the markets to reveal 5 of his favourite long-term ‘Buys’. Please, don’t make any big decisions before seeing them.

Whether you need help switching providers or you just want to cut your energy consumption, it’s worth checking out the advice on offer.  

Big Energy Saving Week is not just about using less energy. It’s also about helping you save money and stay on top of your bills, whether it means accessing financial advice or applying for a boiler grant.

So, if you’re not sure what financial support you’re entitled to, this is the campaign for you. In the meantime, though, here are 10 things you can do to quickly cut your home energy bills. 

1. Turn off standby

Don’t leave devices like TVs, laptops and other computers on standby all night. According to the Energy Saving Trust, you can save up to £90 a year just by switching off appliances at the wall! 

2. Change light bulbs

We’re all home more often right now, which means the lights are on all day. The good news? LED bulbs use 90% less energy than traditional bulbs, so make quick energy savings by making the change.  

3. Do less laundry

In other words, don’t wash small loads. Wait until you’ve got a full load so you’re running fewer wash cycles. 

Do you need to tumble dry everything? Consider air-drying smaller items to conserve energy and save money. 

4. Draught-proof your home

You can save up to £30 a year just by draught-proofing doors and windows, according to the Energy Saving Trust. Just buy some cheap and cheerful draught-proofing strips and secure them around door and window frames. 

5. Switch energy providers

When was the last time you changed energy providers or even checked which tariff you’re on?

  • Check you’re on the cheapest energy tariff by shopping around.
  • Consider switching providers once a year to make sure you get the best deal available. 

6. Check for energy discounts

This is what Big Energy Saving Week is all about – promoting discounts! Here are just some of the discounts and grants you might be entitled to:

  • The Warm Home Discount is available everywhere except Northern Ireland.
  • If you’re in England, check out the Green Homes Grant.
  • In Wales? Give Nest a call on 0808 808 2244 to learn about home energy packages. 

Contact Citizens Advice to find out more about what’s on offer. 

7. Get a smart meter

Check if your supplier offers smart meters. These little devices show you which appliances use the most energy (such as your kettle) so you can take steps to cut costs.

Can’t get a smart meter? Just try to limit how many times you do things like boil the kettle or use a hairdryer. Even small changes add up over time. 

8. Upgrade your appliances

Got old white goods like freezers and washing machines? Chances are, they’re not the most energy-efficient models out there.

Make energy savings by upgrading your kitchen appliances for newer options. 

9. Insulate your home

If you can afford it, invest in some home insulation. While you’re paying more upfront, here’s what you could save each year:

  • Loft insulation: up to £180
  • Wall insulation: up to £140

10. Install a new boiler 

This is the most expensive option, but it’s worth knowing about.

According to the Energy Saving Trust, you can save over £300 a year by switching an old gas boiler for a modern condenser model. These savings really add up over time, although you’ll need at least £1,000 to buy the boiler and pay for installation.

Remember to check whether you’re eligible for a boiler grant before you switch.  

Takeaway

We could all do with saving money right now, and Big Energy Saving Week is a great time to shop around for better energy deals and discounts. We typically use more energy in the winter months, so take action now before the bills start adding up!

Just remember, though, that energy saving advice is available year-round. If you’re worried about paying your bills, or you need help accessing financial support, contact Citizens Advice or the Energy Saving Trust at any time. 

More on Personal Finance

happy senior couple using a laptop in their living room to look at their financial budgets
Investing Articles

Plan to fund your retirement with just the State Pension? Good luck with that!

The UK's State Pension is ranked as one of the worst among the world's developed economies. Consider this alternative to…

Read more »

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »