Simple thermostat trick to help homeowners save money on their energy bills
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It comes as 45 per cent of energy consumers are concerned about their finances this winter. A common thermostat mistake could cause households to see their energy bills double this winter, as families face rising heating and electricity costs. Many people have sought the advice of experts to relieve the mounting pressure of the cost of living crisis, with one heating specialist urging homeowners to adjust their thermostat usage to save money.
Turning up the thermostat is widely misconceived to heat homes more quickly, with one expert warning that it doesn’t control heating speed, only the final temperature the house will reach. Therefore by setting the temperature too high, it wastes energy unnecessarily and can lead to higher bills.
The poll for National Debtline found 45% of people are heading into the winter period worried about their finances, with one in four reporting this is having a negative effect on their health and one in five (22%) saying they are regularly losing sleep over money concerns.
Around 12 per cent of those surveyed said they are planning to cut back on baths and showers to help them afford rising energy costs. Stephen Day, director at iHeat, “Lowering your thermostat by just 1°C can reduce your energy bills by up to 10%,” says Day. “Using a timer ensures you’re only heating your home when it’s needed, which is particularly effective if you’re out during the day.