Your fuel bill is going to rise by 30%!

Household money

Updated on 05 September 2011 | 0 Comments

Green measures will force energy companies to bump your energy bill by another 30%.

A report in today’s Telegraph reveals that various green measures will increase your energy bill by 30%!

These measures include forcing energy companies to use power generated from renewable sources such as wind farms. Energy from renewable sources tends to be more expensive .....

A 30% price rise would be a massive blow for many families. Right now, the average UK family on a standard tariff spends around £1,250 a year on gas and electricity. And even the most savvy families who have switched online are spending around £950 a year.

So a 30% rise works out at an extra £300 year or more. Scary!

If you want to cut your energy bill, we have two suggestions:

1. Track your spending

It’s crucial that you track your spending. If you know how much you’re spending, you’ll be more likely to focus on using less energy. Simple things like turning down your thermostat or defrosting your freezer regularly.

And if you want to be really on top of how much you’re spending, check out lovemoney.com’s Tracker tool which enables you to  categorise all your spending. You’ll be able to see how much you’re spending on energy, as well as food, travel and a whole host of other things. Are you spending more or less than the average family? Check out our completely free tool here.

2. Switch

If you’ve never switched energy tariff, then crack on and do it again. You could save hundreds of pounds a day!

For more tips, have a read of our guide on How to cut your energy bills.

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