Energy expert shares his top saving tips for 2024
From the very start of the year, we have seen reports that the national number of households failing to pay energy bills has increased significantly.
The Office for National Statistics (ONS) reported an almost 40% increase compared with the previous year – households are struggling to keep up, and this is only set to get worse.
Already, problems are on the horizon for households struggling to meet prices as the energy price cap for gas and electricity rises to £1,928. The fallout of the energy crisis continues to impact the price of consumption for end users, and we should expect to see further increases in costs throughout the year as Ofgem struggles to manage expectations for consumers and providers alike.
Households need solutions when it comes to managing their energy output. Here, energy expert Sergey Ogorodnov, CEO of Voltaware, provides some simple, savings tips for households that may feel overwhelmed by surging energy bills this year.
Look to the light, as every bulb counts
“Have you counted how many bulbs are in your house? Chances are, you haven’t had to look too closely, but rather than return to the dark ages and never turn a light on for the next year, instead accept that each bulb is an avenue for an energy-saving alternative to help save on your next energy bill.
"For lighting, LEDs use up to 90% less energy than traditional incandescent bulbs and 60% less than CFLs. LED bulbs consume significantly less energy, have a longer lifespan, and provide instant lighting. Simply upgrading to these can lead to substantial cost savings – £3 per year per bulb replaced may not sound like much, but it adds up to a lot of cash back into your wallet!"
Replace your energy-guzzling appliances with an eco-friendly alternative
“Paying upfront may not seem worth it, especially when balancing all your other bills, but future-proofing your high-energy appliances now offers the best long-term potential savings.
“Energy-efficient dishwashers can lead to savings on both water and electricity bills, with some reducing energy consumption by 20–50% compared to standard cycles, with savings between £74 and £138 per year. The models are out there – it’s just about finding the right ones exhibiting high energy efficiency, ‘Eco’ washing modes, and those designed for use when there are fewer dishes to clean.
“Similarly, the essential refrigerator that runs continuously in your house can be swapped for a more energy-efficient model for significant savings – an average of £190 per year with up to £300 depending on your current model. Find a model with a high energy efficiency rating – an A+++ rating is your household’s best bet – as newer models often now come with improved insulation and a boost with advanced technology.”
Beat the cold with better insulation
“Without sufficient sealing, money is essentially leaking out of every window, door, and overlooked crevice in your home. Proper insulation helps to maintain a comfortable temperature inside the home, reducing the need for constant heating and potentially lowering energy bills. Our data has shown that draught-proofing windows and doors can save homeowners up to £50 per year.”
“Similarly, your hot water cylinder may be letting heat escape before it can be used properly. Supporting your cylinder with an insulating jacket means the boiler doesn’t have to work as hard to heat your home, cutting down heating costs, and helping you save in the cold. Houses that upgrade from no insulation to a well-fitted jacket can yield the biggest savings – potentially £320 a year.”
Is your electric radiator running? You better go catch it
“Leaving an electric radiator on for the whole day might sound warm and toasty but will leave your wallet feeling cold and empty by the end of the month. It is more energy-efficient and cost-friendly to utilise your radiator for shorter periods when it’s needed, rather than leaving it on continuously.
“Under default tariffs, an electric heater running for two hours a day could cost £119 in the winter, but for eight hours can be up to £480. This doesn’t even include peak-time energy tariffs, which may see your charges increase by up to 30% more. Remember to heat smartly; don’t waste your money on continual heating when it’s not needed.
“Going one step further, simply reducing your thermostat by just 1°C can save 10% on your heating bill. Aim for 18–21°C in living areas and 16–18°C in bedrooms – remember, every degree matters.”