How to save on your energy bills this winter as cost of living rises

The cost of living is continuing to rise, and as a result many of us will be looking for ways to save money where we can.

With that in mind, personal finance experts Ocean Finance have revealed that switching to smart appliances could save £375 in the next two years.

The company also shared other tips for saving money this winter.

3 ways to save £375 by switching to a smart home

Get a smart meter installed

Maldon and Burnham Standard: Smart meters should be installed by your energy supplier for freeSmart meters should be installed by your energy supplier for free (Image: PA)

According to the government’s Smart Meter Roll-Out Cost-Benefit Analysis, smart meters could save you £131.75 per year on gas and electricity, a total of £263.50 after two years.

The report explains that a smart meter could reduce your gas bills by 2.2% (equivalent of £56.75 annually) plus it could reduce your electricity usage by 3%, equalling a saving of £75 annually (based on the annual price cap of £2,500 for the average household).

Together this totals to a saving of £131.75 each year.

Smart meters should be fitted by your energy supplier for free.

Make the switch to smart plugs

Maldon and Burnham Standard: It’s easy to control a smart plug by using an app on your mobileIt’s easy to control a smart plug by using an app on your mobile (Image: iStock/PA)

Research by British Gas revealed that £55 a year on average is wasted by Brits who leave appliances on standby.

If you know you’re someone who forgets to turn off appliances like your TV, laptop or gaming console, you could switch to smart plugs to help save you money.

Smart plugs go into the wall sockets and allow you to control the power using your phone.

For a pack of eight plugs, it will cost you around £57.98 and should last for a decade if they’re cared for properly, saving you £52.02 after two years.

Make the switch to smart bulbs

LED smart bulbs could save you around…

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