Long game energy efforts could make for bigger savings
10/02/2023
As temperatures drop around the UK, homeowners continue to face a common battle: when and where to heat to get the best value for money.
New data from the Office of National Statistics, analysed by Quotezone.co.uk, has shown that whilst inflation rates slowly decline for the second consecutive month, housing and household services continue to rise, including electricity, gas and other fuels, rising by 0.4% in December 2022 with energy leaders warning bigger bills are here to stay.*
Low-income households are perhaps the most affected, currently spending three times more of their household budget on energy.**
Helen Rolph, price comparison expert at Quotezone.co.uk says: “Energy is so expensive right now and this issue isn’t likely to be short-term. As temperatures continue to fall, many people are hesitant to turn their heating on out of fear that household bills will be unaffordable.
“One of the best ways to save money is to look at long-term change by reviewing how households maintain key energy items in the home, such as radiators – making sure they are bled regularly, at the correct temperature and not switched on in wasted areas. As well as annual servicing of the boiler and regular temperature checks.
“If people feel they need help and to discuss housing related issues, charities such as Shelter, the housing and homeless charity, are a great support – as a company, we’re proud to support them, donating £5,000 of additional funding as a contribution towards their hard work in local communities throughout the UK.”
Quotezone.co.uk helps around 3 million users every year find savings on household bills and essentials.
References:
* https://www.bbc.co.uk/news/business-64270157
** https://www.resolutionfoundation.org/press-releases/low-income-households-will-have-to-cut-back-on-spending-by-three-times-as-much-as-high-income-households-this-winter/
This article is intended as generic information only and is not intended to apply to anybody’s specific circumstances, demands or needs. The views expressed are not intended to provide any financial service or to give any recommendation or advice. Products and services are only mentioned for illustrative rather than promotional purposes.