Hi there

Worried about rising energy bills? The energy price cap increase has now come into force, meaning higher bills for households on standard variable tariffs. A typical household will pay around £139 extra per year, but for larger households and heavier users, the impact will be even more significant.

Loop can help!  On average, Loop users cut their usage by 10%.  Loop is FREE if you have a smart meter, but we've also just dropped the price of our monitoring kit for households without smart meters.  Visit the Loop shop to find out more.            

What is the energy price cap?

The price cap is the maximum cost per unit that suppliers are allowed to charge. The new price cap that was introduced on 1 October rose by 12%. The change is due to a BIG increase in wholesale energy prices.

What does this mean for you?

How much extra you’ll end up paying depends on the energy tariff you're currently on and the tariffs now available for you to switch to. There are very few dual fuel fixed rates now available, but it's worth monitoring the market as deals are changing daily at the moment.

Our switching partner has produced this handy "stick or switch" guide which is well worth looking at if you're unsure of what to do about your energy deal.

Use Loop to monitor the market for available deals
One of the things you can do easily with Loop is to monitor the market for available energy tariffs.  We show the whole of the market, not only deals that you can switch to through us. Find out more about Loop switching here.     

The cheapest energy is the energy you don't use

With energy costs on the rise, there's never been a smarter time to find ways to use less of it. Every bit of energy you save equals £££ off your next bill (and a reduction to your carbon footprint as well). On average Loop users cut their usage by 10%.  We're here to help so check out the great blog articles below to get you started.   

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TOP TIP: Download your energy bills, NOW! 

Your energy supplier might not have gone bust, but as a precaution, it's worth downloading or taking a screenshot of your energy bills in case they do, and their website gets taken down. Do this regularly so you know your credit balance. 

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FROM THE BLOG

5 home energy mistakes you could be making

It’s time to wrestle back control and stop wasting energy in your home. 

Here are five energy-draining errors to avoid.

Read more

Save £140+ on your energy bills

Homeowners and renters could save an average of £140 on their annual energy bills just by switching off unused appliances and devices. Others could save as much as £450!

Read more

FROM AROUND THE WEB

The rise of eco-anxiety

Do you have eco-anxiety? The BBC explores a global survey on young people's attitudes to climate change, showing 75% feel frightened about the future and 45% are affected in their daily lives.

Read more

Second energy bill rise

As we've mentioned, the effects of higher energy prices will be felt by millions of households across the UK. However, the Guardian looks into the possibility of a second record price increase next April.

Read more

That's it for this week, but if you have any questions, drop us a line to support@loop.homes or check out the Knowledge Base.

Don't forget you can also follow us on Facebook or Twitter for more news and views from Loop and around the web.

Wishing you all the best

The Loop Team

Use less, spend less!