Act Now to Save on Your Fuel Bills
November 15, 2009
I awoke this morning to read that household energy bills are predicted to soar by as much as 40% this winter as oil prices continue to rise. With wholesale gas prices already at a record high, investment bank Goldman Sachs predicts crude oil will rise to $200 per barrel from the current high of $123. The reasons for the price hike are complex, but what remains is that like it or not, we will all have to pay more for our household energy. Again, it will be the most vulnerable in our society who will bear the brunt and we must all act now to head off a potential social and economic crisis.
What can we all do to ease the price pain for less than £30?
- There is no such thing as loyalty in the world of free markets, shop around. By this I mean, don't be afraid to leave your current energy supplier. Use the many comparison websites to find a tariff that suits your lifestyle.
- If finances allow, why not pay for your energy bills by direct debit?
- Savings can be further found if you opt for a dual fuel tariff from the supplier; that is, get both your gas and electricity from them.
- Did you know that cutting down on drafts could significantly cut your heating bills as quite literally, you are heating the atmosphere? When you have the time, simply get your mastic gun out and fill all those gaps you may have between your walls and skirting boards and around window frames. By doing this, you will reduce drafts and the amount of heat lost to the outside.
- Think of fitting heat deflectors to your radiators. I appreciate they are a fiddle to fit (fixed to the wall immediately behind the radiator) but believe you me; I have already noticed the difference. Quite simply, they deflect heat that would be lost to the wall back into the room where the heat is most needed.
- Don't leave electronic devices on standby and the one lesson I have taken from junior school is that when you leave a room, turn the lights off and shut the door behind you.
We all have sit up and recognise that in economic terms, things are going to get harder for us all and with a little imagination, I hope we can lessen the anticipated burden of the impending rise in energy prices by taking some simple and relatively easy steps.
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