Experts have revealed how you can make simple changes to your boiler in order to save cash on energy bills amid the cost of living crisis. Following Chancellor Jeremy Hunt’s announcement that the Energy Price Guarantee will go up from £2,500 to £3,000 from April, many families may be concerned by the £500 rise amid a period where soaring inflation is already forcing Britons to dig deeper into their pockets. But experts from BOXT have revealed how it could be possible to soften the blow of the surging energy costs.
One of BOXT’s key tips involves ensuring that your boiler is A-rated for efficiency. The experts say this could save over £800 a year, which could prove vital as surging prices will continue to stretch household budgets for at least the next 12 months.
Andy Kerr, Founder at BOXT, comments: “The recent announcement from Jeremy Hunt means that average energy bills price cap will rise in April 2023 to £3,000 a year, for the next twelve months.
“This new ‘energy price guarantee’ will mean households in the UK will be spending on average around £600 more a year in comparison with the previous forecast. As we head into the winter months when demand for energy is at its highest, the increase in energy consumption will be reflected in our bills, potentially leaving people unable to afford to heat their homes.
“One of the changes that homeowners can make themselves to keep energy bills down is upgrading their boiler to ensure it is A-rated for efficiency, which could currently save up to £840 per year on bills, and savings could be as high as £95 per month if a smart thermostat is used in conjunction with the new, A-rated boiler.”
And Mr Kerr argued that the Government can help households to make these changes more easily. He said: “One thing the Government could do is create a boiler grant for boiler replacement in homes where the existing boiler is lower than D-rated for efficiency.
“These are the households that could see the most savings on their energy bills by upgrading their boiler as more energy is wasted inefficiently during the heating process.”
BOXT also claims that by turning the heating down by just one degree on a thermostat, households could save up to £80 a year. Around 17 million households in the Britain could save as much as £1.4billion combined if they made the 1C decrease from the current average temperature of 20C.
And according to the firm’s research, only 27.3 percent of people schedule their boilers, which means their boilers are unlikely to be operating as efficiently as they could be. This also means that their homes won’t be reaching the optimum comfortable temperature.
BOXT is offering an all-in-one subscription package that allows homeowners to access everything they need for the installation and ongoing care (including all servicing and breakdown cover, and a repair or replace guarantee) of a new A-rated boiler for an entire 10-year period of the plan.
The package also includes a Google Nest Learning Thermostat to help households use their heating systems more efficiently.
But households may not need to completely replace their boiler to save some extra cash. As part of Octopus Energy’s Winter Workout Scheme, which is also proving tips to help people save people hundreds of pounds, the firm revealed one simple boiler trick that can slash the cost of your energy bill.
According to the company, the hack can save you up to £112 a year – and it’s a very simple concept. All people need to do is turn down the dial by a fraction – which will lower the temperature ever-so-slightly, but will provide a much-needed saving.
A combi boiler has two dials, one with a small tap icon and another which is for heating that normally has a small radiator icon. As explained in Octopus Energy’s video on TikTok, this “controls the temperature your boiler heats up the water to before sending it off to your radiators”.
Most gas boilers are set to heat up the water to 80C, but this is actually far higher than is required as most boilers have flow temperatures that operate between 80C and 30C.
Octopus Energy suggests that this should be turned down to 60C, around halfway, or to number three. However, every boiler is different, so the energy firm advises people to follow their own instructions.
Some boilers may only have one dial that is just for heating the flow temperatures, but households are advised to ensure that the dial is kept above 55C to avoid the risk of bugs building up in the water.