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Energy saving advice website thinkinsulation have issue a press release regarding Npower's announcement yesterday that gas prices are to rise by 15.7% from 1st October resulting in the average direct debit dual-fuel customer's annual bill increasing by an extra £134 per year. The release includes some suggestions for homeowners about ways to combat high energy bills including insulating walls and lofts.
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THINKINSULATION HELPS CONSUMERS BEAT RISING FUEL BILLS AS ENERGY COMPANIES HIKE PRICES AGAIN
Thinkinsulation is urging home owners to urgently review the energy saving measures in their homes following yesterday's announcement from energy provider, Npower, that gas bills will increase by an average of by 15.7% and electricity prices by 7.2%, with effect from 1st October 2011. The news that the fifth of the major suppliers has increased its fuel prices for a second time this year has highlighted that homeowners must act now to prevent sky high energy bills.
This price increase from one of the UK's leading energy firms will see the average direct debit dual-fuel customer's annual bill rise by 12.2%, up by an additional £134 per year. With just EDF left to announce changes to their tariffs, homeowners need to take all precautions necessary to ensure that energy bills are kept to a minimum this winter.
Lydia Sharples from thinkinsulation comments: "Price hikes are a stark reality and it's no wonder that homeowners are concerned after the rises earlier this year. Although we have no control over the strength of the gas market or the price of fuel in the UK, there are changes that all homeowners can make to counter increased energy prices."
She continues: "Ensuring your property is comprehensively insulated is one way to reduce heat loss - a simple job such as insulating a loft to the correct standards will dramatically reduce energy consumption and can save you around £145 per year on energy bills. Furthermore insulating your walls can save you as much as £385 on your annual fuel bills."
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Notes to Editors
The average savings that can be made by insulating a typical home can be found in the tables below according to the Energy Saving Trust.
Loft Insulation
Loft insulation
(0 - 270mm) Loft insulation
(50 - 270mm)
Annual saving per year (£) Around £145 Around £40
Installed cost (£) Around £250 Around £250
Installed payback Around 2 year Around 6 years
DIY cost £50 - £350 £50 - £350
DIY payback Up to 3 years 1 to 9 years
CO 2 saving per year Around 730kg Around 210kg
Cavity Wall Insulation
Measure Annual saving per year (£) Installed cost (£) Installed payback CO2 saving per year
Cavity wall insulation Around £110 Around £250 Around 2 years Around 560kg
Solid Wall Insulation
Type of solid wall insulation Saving per year Total cost including installation CO2 saved per year
Internal Around £365 £5,500 - £8,500 1.8 tonnes
External Around £385 £10,500 - £14,500 1.9 tonnes
Contact Information
Natalie Owen
Ptarmigan Bell Pottinger
The Tannery
91 Kirksall Road
Leeds
LS3 1HS
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