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Managing your money

How to
reduce your energy bills

Energy saving tips

We spend a lot of money on gas and electricity. That's why we've pulled together our top energy saving tips. We want to help save you money, and reduce your carbon footprint at the same time.

  1. 01

    Don't leave appliances on standby

    Turn your electrical appliances off at the plug, according to the Energy Saving Trust this can save you around £35 a year. 

  2. 02

    Use energy efficient light bulbs

    LED bulbs use up to 90% less energy and last up to 15 times longer than incandescent or halogen bulbs (source: smartenergygb.org). 

  3. 03

    Adjust your thermostat

    Turning the heating thermostat down by one degree can save you up to around £80 a year, according to the Energy Saving Trust.

  4. 04

    Request a smart meter from your energy supplier

    Smart meters show what you're using in pounds and pence, helping you keep an eye on what you're spending. You can also set daily budgets to help ensure you don't spend more than you'd like to on energy. 

Switching energy supplier 

Due to the current situation with increasing wholesale energy prices and a number of energy companies unable to continue trading, it might be more difficult to find a deal when looking to switch your energy supplier at the moment. Learn more about the changes in the energy market here.

If your energy company has had to stop trading or your worried that this may happen, you can find more information from Ofgem about what to do. You won’t be without Electricity and Gas as Ofgem will assign you to a new supplier but this is likely to mean your tariff will change. 

If you’re concerned about rising energy prices and your bills, take a look at some of the ways you can try to reduce your energy usage and also learn what grants and schemes may be available depending on your circumstance. If you’re unable to pay your bills you can speak to your energy provider directly to see how they can help, and you can find out more information on steps to take if you’re struggling financially. 

Other ways to reduce your household bills

Looking at energy saving and switching is just one way to reduce your monthly outgoings. There are many ways to save money on your monthly bills.

Make sense of your salary

First things first, it's important to know how much you've got coming in each month and understand any deductions from your wage packet before it lands in your current account. 

See how we can help you make sense of your salary.

Categorise your spending

If you find you've been spending way too much on certain things, you can set yourself budgets in different categories such as Bills.

Available to customers aged 16+. Only available for Personal and Premier Current accounts.

Set a budget

Setting and sticking to a budget is a great way to save money day to day. 

With a clearer idea of your monthly budget, you’ll be able to make better decisions about how you manage your money and plan for your future.

Frequently asked questions

Is there anything else we can help you with?