Martin Lewis warns of the threat of unaffordable energy bills
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With energy prices expected to continue to rise in April, homeowners are more conscious of their energy usage than ever before. Household energy bills are expected to continue to rise due to wholesale gas prices with experts predicting that the energy price cap could rise by around 50 percent to around £2,000 in April. In October, this could increase even further to £2,400.
It is estimated that the price cap increase in April could push as many as two million more people into fuel poverty, in addition to the four million people already considered to be in fuel poverty.
With this mind, independent finance broker Norton Finance has shared how to save a massive £603 each year on energy bills by switching to LED light bulbs.
According to Norton Finance, lighting makes up 15 percent of the average UK household electricity consumption.
Homeowners who use more efficient lighting can “make a massive difference” to their energy costs.
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LED bulbs are also better for the environment so will lower a homeowners’ carbon footprint in the process.
LED bulbs are thought to be softer and more welcoming than regular bulbs.
The average home has a whopping 67 lightbulbs, which can be costly to replace.
The amount a homeowner saves will depend on which bulbs they already have.
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Switching from traditional (incandescent) bulbs to LEDs will save £9 per bulb every year, according to the Energy Saving Trust.
Whereas switching from 50w halogens to LEDs, saves £3.50 per bulb each year.
Therefore, switching from 100-watt old-school incandescent bulbs to LEDs for £9 per bulb will save the average homeowner £603 in energy costs each year.
Those with 50w halogens will still save £3.50 per bulb which works out at £234.50 each year.
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Most LED lights last for around 17 years which is 50 times longer than incandescent bulbs.
Switching bulbs might seem costly to start with but over time, homeowners will not only have better light performance but lower bills.
To find out how much homeowners will spend on the new bulbs, Norton Finance sourced LED multipacks and selected a mix of bayonet and screw fitting bulbs.
All the bulbs sourced have an energy class rating of at least A+.
From this, they worked out that homeowners will spend £104.91 (prices correct as of January 20) on bulbs and save up to £603 each year on energy bills.
To save extra cash on energy bills, Norton Finance have shared several tips:
1. Turn off lights when leaving a room
Doing this is not only better for the environment but will save homeowners £14 a year.
2. Sensors and timers
Setting sensors and timers on lighting appliances are a great way to save cash, especially if you usually leave lights on accidentally.
3. Prioritise the number of lights
If you have a lamp on, think about whether you really need the main light on too and vice versa.
Cleaning lamp shades and fittings increases the impact of the light.
Transparent shades and fittings stop light being absorbed by dark lampshades.
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