Transcript generated automatically by AI and may contain errors.
Chapter 1: What changes did the UK energy price cap undergo in July 2023?
How can I save money on my gas bill? Thanks for asking. As of 1st July 2023, UK energy regulator Ofgem brought its energy price cap down to £2,074, a significant fall from the previous price guarantee of £2,500 that was introduced by the government in October 2022. Prices had soared mostly due to an increase in wholesale energy costs caused by the war in Ukraine.
Bear in mind the price cap is based on an estimate for a dual fuel household paying by direct debit based on typical consumption. It's not an absolute cap on your annual energy bill. So if you consume more than the average, you will pay more.
Chapter 2: How can I improve my boiler's efficiency to save on gas bills?
Despite the price cap coming down, costs still remain a lot higher than a few years ago, and the head of the International Energy Agency has warned that prices could rise again this winter. Gas bills matter to a lot of people, especially in the context of the ongoing cost of living crisis. Let's discuss a few ways to ensure you're not paying more than you need to.
Do I need to do anything with my boiler?
A boiler's efficiency is the amount of energy that goes into heating your home rather than being lost or wasted. The more efficient your boiler is, the less gas you'll use and the lower your bill will be.
Chapter 3: Is it allowed to change my gas provider to save money?
Boiler efficiency is ranked from A to G. A-rated boilers are over 90% efficient, while G-rated boilers are less than 70% efficient. There are a number of ways in which you can improve your boiler's efficiency.
These include servicing it regularly to keep it in good working order, using a smart thermostat or timer to control the temperature and timing of your heating, and installing a weather compensation device to adjust the boiler output according to the outside temperature. You could also consider replacing an old or faulty boiler with a new A-rated condensing boiler.
Chapter 4: What factors should I consider when comparing gas suppliers?
Heatable.co.uk says you could save up to £350 per year by upgrading your boiler.
What about changing provider? Is that allowed?
Yes, and it could potentially save you hundreds of pounds per year on your gas bill. That's because gas prices vary depending on your location, usage, tariff type and payment method. Different suppliers offer different rates per unit of gas, which is measured in kilowatt hours, and different standing charges, which is a daily fixed fee.
By comparing gas-only deals from different suppliers, you can find the best offer for your needs and budget.
Chapter 5: How can I easily switch my gas supplier online?
Switching gas supplier is usually a simple process that involves contacting your new supplier and providing some details, such as your postcode, current tariff and annual consumption. Your new supplier will then arrange the switch with your old supplier and the network distributor.
You can switch gas supplier online using a comparison site, which will help you find the cheapest suppliers and tariffs available in your area. There you have it! Now you know how to save money on your gas bill. In under three minutes, we answer your questions and help you understand the true meaning behind the trends, concepts and acronyms that are making headlines.
Listen along and you will really know for sure.