Martin Lewis has advised people on countless money issues, and he has some pretty useful tips for saving money on your energy bills. As many of us are working from home for the foreseeable, our energy bills are going up, by as much as 30 per cent, according to recent data. Follow these top tips from Martin Lewis and use the energy in your home more efficiently.
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1. Use gas whenever possible to save money
Martin Lewis says that one of the most common energy saving-related questions is: 'are electric heaters cheaper than gas'? The answer is always 'no', because electricity is much more expensive than gas. There is no more cost-effective way to heat your home than gas central heating, although you need to also be aware of how efficient your boiler is. So, if in doubt, skip the electric heater and use your gas central heating.
2. Improve your home's insulation
Insulating your walls and installing double glazing will save you more money in the long run than any of the hacks you see online, like putting cling film in windows or keeping the heating on low all day. Ultimately, preventing heat from escaping is a better money saving strategy.
Learn how to insulate your home in our guide.
3. Turn off devices you're not using
This won't save you a ton of money, but it does make a slight difference. According to the Energy Saving Trust, you should turn off lights when you're not in a room, and laptops that are plugged in while off do leach some power from the sockets. Just be aware that the savings from this will be negligible, and you need to follow all the other tips, too, to see a difference to your bills.
4. Keep doors closed when the heating is on
Unless you use halogen heaters that heat objects rather than the air around them, closing doors while heating a room allows whatever heating type you're using to warm up the air quicker and will prevent it from escaping.
5. Understand your energy tariff
Martin Lewis is a mine of information when it comes to tarrifs. There are some tariffs, notably Economy 7, that charge less for energy used at night. If you're on a variable tariff, you need to be prepared for energy price hikes, although when energy prices are low, you may see a reduction. A fixed energy tariff offers the best opportunity for understanding how much energy you actually use, and how much you're paying per unit, he says.
Find the best energy deals in your area using our guide.
- For more money-saving tips from Martin Lewis, visit MoneySavingExpert
More on saving energy in the home:
- Energy saving ideas: 18 ways to make an old home more energy efficient