How to Save on UK Home Energy Bills After The Price Cap Drop
With the recent lowering of the Ofgem price cap in June 2024, there’s never been a better time to take control of your energy usage and drive your bills down even further. Follow our top advice to make the most of cheaper tariffs and unlock lasting home energy savings.
1. Review Your Tariff – Don’t Overpay!
With the new lower price cap in effect, many UK households may now benefit from cheaper rates on standard variable tariffs. But savings could be even greater if you switch or negotiate a better deal. Don’t assume your current tariff is the best—compare deals or contact your supplier to check if you could save more.
2. Use Less: Quick Wins to Cut Usage Instantly
- Turn down your thermostat: Lower by 1°C and save up to £100/year.
- Cut standby power: Switch off TVs, consoles, and devices at the wall.
- Use LED light bulbs: Save ~75% vs. halogens—last longer too.
- Shorter showers: Aim for 4-5 minutes, especially with electric showers.
- Wash laundry at 30°C: Lower the temperature, save instantly.
Top Savings Fact
Reducing home energy usage by just 10% can save the average UK household over £200 a year even after the price cap drop. Every little helps!
3. Upgrade Your Heating Controls
Installing smart thermostats and radiator valves let you heat rooms only when needed. Smart controls adapt to your schedule and even learn your habits—maximising comfort and minimising wasteful heating.
- Easy to install (DIY or professional).
- Average savings: £70 to £150+ per year.
- Control from your phone — avoid leaving heating on by accident.
4. Improve Home Insulation
Even with cheaper gas and electricity, a poorly insulated home leaks expensive heat. Loft, cavity wall, and floor insulation are among the highest-impact upgrades. Many UK homes still haven’t maximised these.
- Loft insulation: Quick to install, payback in 2-3 years.
- Cavity wall insulation: Reduces annual bills by £200+ in older homes.
- Double or triple glazing: Keeps you warmer in winter, cooler in summer.
5. Don’t Miss Free or Discounted Upgrades
The UK government, energy suppliers and local councils support lower energy bills with a range of schemes, including:
- Boiler Upgrade Scheme – grants for replacing old boilers with heat pumps.
- Warm Home Discount – extra help for lower-income households.
- ECO+ and Great British Insulation Schemes – funding for home insulation and heating control upgrades.
See if you qualify and claim your savings before funding runs out! Find grants now
6. Monitor Usage with a Smart Meter
Requesting a free smart meter from your supplier means you’ll always know how much energy you’re using. Real time feedback helps you spot and change expensive habits fast.
- Track your spending room-by-room.
- No more estimated bills.
- Easier budgeting and peace of mind.
Start Saving on Your Home Energy Bills Today
Every pound saved on your energy bill helps in the cost-of-living crisis. With the price cap reduced, you can save even more by acting now. Compare tariffs, book insulation, or review your heating controls for immediate and future benefits.
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