How have energy prices changed?

Are rising utility bills making it difficult for you to find your next used car? At Swansway Motor Group, we understand the impact of increasing household expenses. In this blog, we'll explore the upward trend in utility costs, backed by insightful data, and provide practical tips for reducing your bills and saving money.

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Energy Bills

Electricity bills have seen a staggering 10% annual increase from 2013 to 2022. This means that in the next five years, your average electricity bill could reach £1,963, and £3,162 in ten years. It's clear that the cost of electricity is constantly rising and shows no signs of stopping.

But it's not just electricity that's becoming costlier, gas prices are also on the rise. Between 2013 and 2022, the average household energy bill has increased by 9% annually. This means that by 2027, your bills could amount to £3,564 per year, and £5,484 by 2032. It's crucial to be prepared for these significant increases.

What can you do to reduce your household bills?

So, what can you do to lower your household bills? Start by identifying areas where you can reduce energy usage. Simple actions like turning off lights, adjusting heating or cooling settings, and unplugging electronics when not in use can make a big difference. Investing in energy-efficient appliances and fixtures, such as LED light bulbs and low-flow showerheads, can also have long-term cost savings.

Another way to lower your bills is by shopping around for the best energy deals. Regularly compare energy providers to find the most competitive rates. Consider switching providers to save money on your monthly bills. Additionally, using direct debit for bill payments can often lead to discounts from suppliers, further reducing your overall costs.

Managing household bills is becoming increasingly challenging, but there are steps you can take to save money. By understanding your energy usage and making small changes to your daily routines, you can reduce your bills. Shop around for the best energy deals, invest in energy-efficient appliances, and embrace energy-saving habits. While it may require some effort upfront, the long-term savings will make it worthwhile.

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