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Electric showers will cost 24p for every five minutes, or £1.68 a week, assuming one shower a day – this doubles to £3.36 for 10-minute showers. A family of four doing this would rack up £13.44 a week on showers alone.
Even under the new cap, washing machines, tumble dryers and dishwashers will remain expensive. A typical 90-minute cycle on a washing machine will cost 92p – and an hour’s ironing costs 41p on top of that. A tumble dryer’s 45-minute cycle costs 55p, and a dishwasher costs between 77p and £1.58 depending on the length of the cycle.
Easy ways to save money on energy bills
Though August and September are typically warm months in Britain, temperatures will inevitably drop soon, so this could be the ideal time to sort out your home’s energy efficiency.
There are things you can do during the autumn to stand you in better stead for when temperatures drop.
Get your boiler serviced
Getting your boiler serviced once a year is a good way to make sure it’s running as efficiently as possible. Many people won’t be thinking much about their boilers during the autumn months, but it can be a good time to book a service – some engineers may be less busy, and may even offer “off-peak” prices.
What’s more, if something is found to be wrong with your boiler, you won’t need to worry about bringing in energy-guzzling electric heaters should you need to switch it off for repairs.
Sort your insulation
A quarter of heat is lost through the roof of an uninsulated home, whether you live in a tiny cottage or a sprawling mansion. Installing loft insulation only costs between £400 and £1,200 for the average house and should pay for itself many times over in its 40-year lifetime, something well worth considering while bills remain high.
Should I buy a fixed-tariff deal?
Before the energy crisis, households were used to shopping around for competitive fixed-price deals. However, the energy crisis upended the market, leaving variable rates governed by the price cap as the only viable option. Fixed rates became so expensive that providers stopped offering them all together.
As wholesale prices have cooled, a number of fixed-rate deals have come on the market after years of being unavailable. Sadly, few of them offer meaningful savings over the current price cap, according to comparison site USwitch.com.
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