Hi there

Energy bills are still rising!

Thankfully energy costs aren't increasing as much as we'd all feared, with October's 80% price cap rise being replaced by the energy price guarantee.  But let's take a step back - costs were already high and they're going up another 20%.  It's a sign of the times that this is seen as good news! 

However, all households will receive the Government's £400 energy rebate this winter, plus there is other support available for eligible households.   

With a recent survey showing that two in five households wrongly believe the energy price guarantee will limit their bills, it's important to remember that it only limits the standing charge and unit costs, not how much you pay. Use more, pay more. That's why saving energy is key.  It obviously also means the energy rebate will cover a higher proportion of your bill.

What can you do?

Start by linking Loop to your smart meter for free!  If you need more convincing, check out our great reviews on Trustpilot.  And don't forget that you now don't need to use a bank card to sign up - you can use details from your smart meter's in-home display.  

Then, if you do nothing else before October, consider these three points:

1. ⚡ Understand your Phantom Load

Phantom Load is our name for the energy used by appliances left on or on standby. This could be adding £450 to the average household's energy bill. Start by learning which energy-hungry devices are contributing towards it, then take action.  We calculate your Phantom Load for you so you know exactly how much you might be wasting.

2. 📊 Monitor your usage: If you measure it, you can control it! 

3. 🏠 Improve your home's insulation

Check for draughts and ensure your loft has the recommended 270mm of loft insulation. If it doesn’t, for many that will be a relatively easy upgrade that will pay for itself in record time. Heat is expensive, so hold on to as much of it as you can.