Save money on your electricity bills

Energy saving light bulb

Every household would love to save money on their electricity bills. Well by being a little more energy conscious consumers could slash as much as 25% of their electricity bills. With more people relying on electricity to power their household appliances, laptops, TVs and charge their mobile phones and iPods etc., it is little wonder it is so difficult to stay within budget when it comes to electricity costs.

So, with people's thirst for electricity, how can a typically household save money on their monthly electricity bills?

Invest in an electricity usage monitor

An electricity usage monitor will allow consumers to gauge how much electricity they use each week / month. It is only when households know how much electricity they use can they really begin to work and monitor how much they can save by changing their energy consumption habits.

In use an electricity usage monitors simply insert it into a normal household electricity socket before plugging in any household appliance i.e. a kettle, fridge, freezer, iPod charger, mobile phone charger, laptop etc. The electricity usage monitor then takes calculates how many kilowatt hours that appliance consumes.

Electricity users can then calculate how much each appliance and electrical device costs to run per hour.

How much does a kilowatt hour cost?

A kilowatt hour - the unit of measurement used to calculate your electricity bill - typically costs 12p.

This means if an appliance uses 2 kilowatts per hour (a standard kettle runs in the region of 2 kilowatts per hour), the running cost will be 36p an hour, or £8.64 a day.

Knowing this information empowers electricity consumers to understand where money can be slashed from their household electricity bills.

The typical running cost of household electricity

The figures quoted below are the typical costs for some common household electrical appliances.

  • 100 watt light bulb switched on for 5 hours a day for a year would cost approx £22
  • 60 watt light bulb switched on for 5 hours a day for a year would cost over £13
  • 40 watt light bulb switched on for 5 hours a day for a year would cost almost £9
  • Laptop running for 3 hours a day for a year would cost over £3.
  • 50" plasma television running for 3 hours a day for a year would cost approx £29.
  • 40" LCD television running for 3 hours a day for a year would cost approx £16.

As you see, by making simple changes - swapping 100 watt light bulbs for 50 watt bulbs, switching off a TV when it is not being watched - can really help households save money each year.

Use energy saving light bulbs

Energy saving light bulbs can save households money in two different ways. Firstly, energy saving light bulbs last up to 10 times longer than standard light bulbs. This means that, over time, households need tospend less money on light bulbs.

Secondly, energy saving light bulbs use 80% less electricity than standard bulbs, yet they produce the same amount of light. Therefore, whereas a 60 watt energy saving light bulb left on for 5 hours a day would cost £2.60 a year rather than £13 it would cost to run a standard bulb over the same time.

Switch electricity suppliers

All energy companies have increased the amount they charge to supply electricity to customers. However, some will still charge more than others.

So to compare prices visit Uswitch and find out if you can save money on your month bills.

Visit Uswitch and save money on electric bills

Switch off the lights when leaving a room

Even if a household has converted all their bulbs into energy saving light bulbs, turning off the lights when leaving a room has money saving benefits. If you aren't going back into a room make sure that all lamps and lights are switched off. Every light left on costs as much as 1p per hour. Over a 12 month period, for a single light to be left running continuously would cost £87.60!

Of course no one would run a light 24 hours a day, 7 days a week for a whole year, but one or two lights left on unnecessarily in the house each day soon adds to the cost of the electricity bill.

Switching off standby appliances

Certain household electrical appliances have to be left on 24/7 - fridge, freezer etc. However, leaving devices like televisions and computers on standby can dramatically increase the cost of a typical electricity bill.

It is said that a TV left on standby uses as much 70% of the total electricity in a typical home. So just by totally turning off a TV when it isn't being watched can dramatically cut the cost of any electricity bill.

Although they use less energy, don't leave laptops and personal computers on overnight. Simply powering down these devices each day will save money on most electricity bills.

Monitor iPod and phone chargers

When charging an MP3 player of mobile phone make sure as soon as it is fully charged it is unplugged. Devices that use electricity when not required simply drive up the electricity usage unnecessarily, leading to increases in electricty bills.

Convert to solar power

There are energy companies that will fix solar panels to domestic property free of charge, with the aim of a. making money by selling surplus energy to the national grid and b. saving consumers money on electricity bills. 

So, households can either look towards companies for free solar panels or they can think about fitting their own in order to reap the rewards of selling electricity to the national grid themselves.

The benefits of paying for solar panels

Although expensive to start with, adding your own solar panels to your roof can actually money a lot of money for homeowners. Exporting (selling) electricity to the national grid is a profitable business. The way this works is that when a household doesn't use all the energy harvested from sunlight, they can sell this surplus back to the national grid for a profit.

So, not only would homeowners save money by not paying for the electricity, they  would actually earn money for the electricity they produce, effectively becoming an energy company themselves!

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