Friday 25 May 2018

How you can save

SWITCH suppliers, insulate your home and turn the temperature down if you want to save money.

The key to getting the best deals remains constant vigilance, and a willingness to keep looking when introductory special offers run out -- typically after one or two years.

Comparison website is the only one so far approved by the Commission for Energy Regulation as offering a fair comparison of total costs of different energy suppliers.

It shows that a customer could save up to €264 a year off the standard tariffs currently available with Bord Gais for gas and the ESB for electricity.

Surprisingly, the best price is not to be had by using one company for "dual-fuel" gas and electricity.

Instead the best tariffs are with Flogas for gas, a €113 saving, and Bord Gais for electricity, a €151 saving.

However, householders need to check offers and make sure they can avail of them -- because some are only open to new customers.

Meanwhile, insulating your home is one of the most cost-effective ways to cut winter heating costs with good attic insulation able to reduce bills by up to 20pc. Turning down the thermostat by 1C can also save up to 10pc off your heating bill.

And avoid leaving appliances on standby as that adds significantly to electricity costs.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business