Octopus Energy has outlined eight effective strategies to help customers reduce their energy bills and enhance energy efficiency:
- Set Up a Direct Debit: Opting for a Direct Debit payment method can save the average household approximately £80 annually. This approach allows for evenly distributed payments over 12 months, simplifying budgeting and reducing administrative costs.
- Install a Smart Meter: Smart meters provide accurate, real-time energy usage data, eliminating the need for manual readings. They also enable access to cost-saving smart tariffs and reward programs like Octoplus.
- Implement Energy-Saving Measures: Simple adjustments can lead to significant savings:
- Lower your boiler’s flow temperature to between 55°C and 60°C to save around £54 annually without compromising comfort.
- Air-dry clothes instead of using a tumble dryer to save approximately £50 per year.
- Switch to LED bulbs, which use 70-80% less electricity, potentially saving £4-10 per bulb each year.
- Seek Personalized Home Energy Advice: Utilize online tools, such as the government’s Energy Performance Certificate (EPC) service, to receive tailored recommendations for improving your home’s energy efficiency.
- Review Your Tariff: Ensure you’re on the most cost-effective plan. Octopus Energy offers innovative tariffs like Octopus Tracker, which adjusts daily based on wholesale prices and can be 30-40% cheaper than standard tariffs.
- Participate in Saving Sessions: Engage in programs that reward you for reducing energy consumption during peak times. Collectively, customers have earned over £10 million through such initiatives.
- Join Octoplus: This free rewards program offers perks like weekly free hot drinks, dining discounts, and even free electricity during periods of green energy surplus, potentially saving up to £271 annually.
- Stay Informed: Keep abreast of new savings opportunities and green initiatives by subscribing to Octopus Energy’s communications and following their social media channels.
For those facing financial challenges, Octopus Energy’s £30 million Octo Assist fund provides support, including free electric blankets, standing charge waivers, and winter fuel payments.
Implementing these strategies can lead to substantial savings and contribute to a more sustainable energy future. For more detailed information, visit the original article: