Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: £400 borrowed for 30 days.
Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR.
We are a licensed credit broker, not a lender.

Borrow up to £2000 today*

You are only minutes away from a decision!*

100% Secure Online Application

5 Ways To Slash Your Utility Bills

Utility bills are a fact of life for most of us. Paying for gas, electricity and water are integral parts of our monthly outgoings and cost us all a significant amount of our monthly budget. But don’t think that you simply have to accept what you are paying for your utilities. If you’re a savvy money saver, there are a number of ways you can not just reduce your utility bills but slash them significantly. Check out our 5 ways to slash your utility bills and start saving money on your gas, electricity and water today.


Look At Switching Suppliers


Perhaps the most endearing thing you can do to save money on your gas and electricity bills is to look at switching supplier. According to OFGEM, the government’s gas and electricity regulator, 14 million households could save £200 per year or more through switching their energy supplier. Of these, 9.5 million could save over £300 (£85 electric and £215 gas). For some people, significantly greater savings could be made.


Switching suppliers is relatively straightforward and easy to do these days thanks to the range of comparison sites that are available including USwitch, Moneysupermarket and Which. The Citizens Advice Bureau have produced a useful guide on how to switch energy supplier.


Check Your Bills


Even if you find that you are on the cheapest tariff for your electricity and gas, you may still be able to shave some money off your bills. You’ll often find that gas and electricity suppliers used estimated meter readings when calculating your bill and that means you could be being charged more than you are actually using and you could be owed a refund. Even if you are being undercharged, you will have to pay for all what you have used eventually so it is worth getting your meter readings and giving them to your utility suppliers.


If you are on a prepayment meter, it may be worth taking a look at direct debit credit meters These are often cheaper than prepayment meters and you do not run the risk of running out of credit and being without heating and light.


Have You Considered A Water Meter?


If you don’t have a water meter then your water bill will be calculated by the rateable value of your home, not the amount of water you use. This is great news if you are a large family using lots of water in a home with a low rateable value but not such good news for a single person who lives alone in a property with a high rateable value and uses very little water. To check whether you may be better off with a water meter then you can try the Consumer Council for Water’s online calculator. Alternatively, you can ask your current water company for their advice.


Pay By Direct Debit


If you are not currently paying your utility bills by direct debit then there are almost certainly savings to be had. Most energy companies will charge extra fees for those people being billed by traditional paper bills because this costs them significantly more than using direct debit. By switching your billing from paper to direct debit could save you up to (and even over) £100 per year.


Become A Conscientious Energy User

Some of the easiest and most practical ways of slashing your energy bills are by reducing your energy usage. Practical ideas to implement include:


  • Turn down your thermostat: Turning down your thermostat by a couple of degrees may not even be noticeable by you but over the course of a year can result in significant savings on your energy bills
  • Light Bulbs: Replacing standard light bulbs with LED light bulbs can save you a good amount of money over the year.
  • Use energy efficient appliances: When replacing appliances in your kitchen, always go for energy efficient ones. For example, look at one cup kettles and induction hobs, both of which can save you significant amounts of money over the year.
  • More showers, less baths: Of course baths are nice and relaxing but they are not the most efficient way of keeping yourself clean. Showers are much more cost efficient and replacing some of your baths with showers will save you money in the long term.
  • Turn off your lights: Leaving lights on in rooms that you are not using can cost you a significant amount of money in the long term. Simply by being more conscientious about your energy usage can result in good savings.


Put our 5 ways to slash your energy bills into practice a

  • Comodo secured

Latest Posts From Our Blog:

May 22nd, 2017
Can You Take Out A Payday Loan With A CCJ?

If you have been looking for a loan but have found yourself rejected, this could be for a number of reasons. Maybe you have had previous debt problems, have an adverse credit history or a low credit score due to not having borrowed much in the past. One of the major reasons that many people [Read More]

May 8th, 2017
Are Credit Unions An Alternative To Payday Loans?

Whilst payday loans are a relatively recent financial product in the United Kingdom, credit unions have been in existence since the 1960s. Offering a range of services to their members including current accounts, savings accounts and loans, they are often lauded as an alternative to payday loans. We take a look at credit unions, what [Read More]

April 22nd, 2017
How To Survive On A Student Budget

Are you a university student or considering going to university? It’s never been more expensive to be a student in the UK, particularly if you live in England and Wales where universities are able to charge up to £9000 per year for tuition fees. For an average undergraduate degree course, this means that students can [Read More]

* Subject to lender approval and requirements.

Terms and Conditions | Privacy Policy | Complaints

Copyright 2019 Payday Wizard, all rights reserved.

Payday Wizard, 138 Marylebone Road, London, NW1 5PH, United Kingdom