The October price cap is predicted to spike to £3,245 for average users on a standard tariff
There can be no doubt that many households are already beginning to feel the extra financial squeeze brought about by rising energy bills and soaring inflation, with everyone slashing their monthly outgoing spending just to try and stay in the black. The latest predictions from Cornwall Insight is that the price cap will rise from its current £1,971 to an eye-watering £3,245 for those with typical average usage on a standard tariff.
Is it really cheaper to use energy overnight? Gareth explained that this one isn’t a total myth, because for some consumers, energy really is cheaper overnight. This is because suppliers sometimes charge you a cheaper rate in off-peak periods, which typically fall overnight - when the majority of people are sleeping and therefore using less energy.He said: “Firstly, you need a 2 rate meter or a smart meter, which is capable of recording when your energy use takes place.
“If you have your heating or your hot water on constantly, you will be paying to maintain a certain level of heat - which naturally will always be falling. So, make sure you are around to benefit from the heat you're paying to produce.” “If you do have a fan, use it wisely as heat rises, the coolest air in your house will be at floor level. So, position your fan on the floor, facing upwards. This will help distribute the coolest air around the room,” Gareth explained.Does turning everything off at the socket make a difference? Gareth said: “In the case of appliances such as kettles and lamps, ‘off’ really does mean ‘off’. For these kinds of common appliances, switching off at the socket isn’t necessary.
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