Yahoo News British Gas, OVO, EDF, EON, Octopus customers who have radiators being handed £75
A boiler expert has explained how a £10 radiator gadget could help cut energy bills this winter. Ofgem updates its price cap every three months. Energy analysts at Cornwall Insight are currently predicting the January energy price cap will rise by 1% from £1,717 to £1,736 a year for the typical household.
The Sun spoke to Andy Kerr, founder of boiler installation company BOXT, who explained how using thermostatic radiator valves (TRV) can help cut costs for British Gas, OVO, EDF, EON, Octopus customers. He said: "Thermostatic radiator valves automatically reduce the flow of hot water to the radiator when the room is at its ideal temperature.
"[This] allows for more control over your energy consumption and preventing overheating.” By doing this households could cut their energy bills by around £75 a year, according to The Energy Saving Trust. Andy recommends using the thermostat to control the heat in your main living space and using thermostatic radiator valves to "lower the heating in rooms you don't use as often".
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The Ofgem energy price cap is currently set at £1,717 a year for the average dual fuel household paying by direct debit. This is up from the previous level of £1,568. Around 27million households are covered by the Ofgem price cap - but despite what its name suggests, the price cap does not put a limit on how much you can pay for energy.
Instead, it sets a limit on unit rates for gas and electricity, as well as the standing charges, which is what you pay to be connected to the grid. This means if you use more energy, you’ll pay more - or use less, and you’ll pay less. A rise in energy bills will be worrying news in particular for pensioner households who will no longer receive their Winter Fuel Payment, experts have warned this week.
