Could you save £100s on energy with a few clicks?

As the nights draw in and the temperature drops off, our partner Energyhelpline takes a look at how you can save money on your energy amid price hikes.

We all know that budgeting isn’t always easy and cutting back can really take a bite out of your lifestyle.

That’s why we wanted to share some tips on one of the most painless ways to save – by lowering the cost of one of life’s essential expenses, your energy bill.

But wait…cutting back on energy means lowering the thermostat to shivering temperatures and putting on 10 jumpers, right? Wrong. It’s possible to save without being miserable!

If your energy bills seem higher than they were a year ago, you’re probably right

An astonishing 22 million people in the UK have seen price rises on their energy bills this year [1].

This is in addition to the fact that energy bills have spiked up 72% since 2006 – and wages are only up 19%[2].

The good news is stronger than the bad news though. It’s easier than you think to bring down your energy costs, all with a few clicks. Here’s how.

1. Grab supplier incentives to lower your bill

Suppliers will often offer discounts for small changes to your account. To top up your savings, be sure to:

  • Opt for paperless billing
  • Pay by direct debit
  • When possible, try to get gas & electric from the same supplier – this may qualify you for a “dual fuel” discount

All combined, this can knock a few quid off your bill, which can add up over time.

2. Switching suppliers = an easy and effective way you could save

One of the most effective ways to save is also one of the simplest – just make sure you are on the best tariff you can be. Sadly, if you’ve never looked after your tariff, it’s fairly likely you are overpaying.

Why? It’s because energy suppliers tend to default customers on to Standard Variable Tariffs – AKA what’s usually the most expensive tariff. You’re more likely to be on it than not (two-thirds of the UK is)[3]. Also, you may be burnt on your energy bill twice over – when you hear news of price hikes, it’s usually on these tariffs (up to 15%this year alone)[4].

There are many cheaper options out there (perhaps even from your current supplier), which could save you hundreds.

3. Check out our favourite energy deal

We’ve grown weary of all the price rises on energy bills this year, and we imagine you have too. The good news is that The Big Noddle Energy Switch is set to launch on 17th of October and as a signed up Noddler you’re already eligible, so keep an eye on your inbox and our blog.

What is The Big Noddle Energy Switch? The idea is to band together all Noddlers – including your family and friends – who want to maximise their energy savings into a large group (to be eligible and benefit, friends and family will need to register with Noddle separately by 16 October).

We then use this collective bargaining power to secure an ultra-low tariff from suppliers, who bid for your business, by offering the lowest tariff they can.

The savings can prove well worth it – our Summer Collective locked in savings of up to £430 for Noddle readers for at least a year.

Here’s how the Big Noddle Energy Switch works

  1. The Auction: Suppliers will compete for your business by reverse-bidding; which means offering lower and lower tariffs until the lowest of the low offer comes in to win.
  2. The Winning Deal: We’ll email you with the winning tariff and you can choose whether to switch or not.
  3. Switch and Save: If you choose to switch supplier, Noddle and energyhelpline will organise it completely for you, quickly and for free.

…And that’s all it takes to save £100s.


 

 

[1] https://www.ofgem.gov.uk/data-portal/retail-market-indicators

[2]http://www.santander.co.uk/uk/infodetail?p_p_id=W000_hidden_WAR_W000_hiddenportlet&p_p_lifecycle=1&p_p_state=normal&p_p_mode=view&p_p_col_id=column-2&p_p_col_pos=1&p_p_col_count=3&_W000_hidden_WAR_W000_hiddenportlet_javax.portlet.action=hiddenAction&_W000_hidden_WAR_W000_hiddenportlet_base.portlet.view=ILBDInitialView&_W000_hidden_WAR_W000_hiddenportlet_cid=1324583259913&_W000_hidden_WAR_W000_hiddenportlet_tipo=SANContent

[3] https://www.ofgem.gov.uk/data-portal/gas-supply-market-shares-company-domestic-gb https://www.ofgem.gov.uk/data-portal/electricity-supply-market-shares-company-domestic-gb

[4] http://news.sky.com/story/sse-to-raise-standard-prices-by-average-69-from-28-april-10800436