The new energy price cap has come into force this weekend. The 17% decrease is a welcome reduction for many, but energy costs are still £800 higher than 2 years ago and likely to stay high for the foreseeable future. 

So, take this as your opportunity to get ahead! By understanding the price cap and improving your home's efficiency, you can ensure you're keeping costs as low as possible.

1.  🤔 Understand the price cap. The easiest way to understand the impact of the price cap is by its impact on unit costs. Electricity is dropping from 34p to 30p per kWh, and gas from 10.3p to 8p per kWh. That means the typical dual fuel direct debit bill will now be around £2,074. (Hint: make sure you pay by Direct Debit if possible, it's the cheapest option).  

2. 💰 Use less, spend less. It's important to remember the Price Cap applies to the unit price, NOT your total energy bill. There is no cap on your bills. To spend less on energy, you need to use less - you pay for what you use. 

3. ⚡ Cut your wasted energy. Improving your efficiency isn't only about changing the way you use your things. Lots of households are paying £££ for the energy they waste - this Phantom Load makes up around 30% of the average energy bill so there are BIG savings on offer. 

4. 📲 Take control of your usage with Loop! The free Loop app is here to make your energy-saving journey easy as possible. On average, Loop users cut their electricity bill by 16% and their gas by 10%, all by developing positive energy-saving habits.