UK households who spend £20 now can avoid £1,736 energy price cap in January

Spending £20 now before the January price cap rise could see you slash your energy bill, according to an expert. An expert from MyBuilder.com has put together a guide to heat your home in an energy efficient way and save some money on your bills.

Andy Simms, renovation expert from MyBuilder.com, said hot water cylinder jackets can help you save money without the need for any major building work. Mr Simms continued: “While painting radiators can look stylish, it is unlikely to save you money on your bills. There are more effective ways to make your heating more efficient.

“A hot water cylinder jacket, for example, is a cheap hack that costs just £20 but can realistically save you hundreds of pounds over the years. There’s a good mix of simple steps you can take to help save on heating costs, but the best strategy is to combine these with more permanent solutions that you’d need to get the experts in to do.”

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It comes as it emerged the price cap for Great Britain is forecast to rise to £1,736 a year for the average dual-fuel bill. A non-insulated cylinder continuously loses heat. The system must reheat the water more frequently to maintain the desired temperature. Insulation acts as a barrier, slowing down this heat loss and, in turn, reducing the energy required to keep the water hot.

According to money-saving expert Martin Lewis, investing in a cylinder water tank jacket could save households £80 off the their energy bills per year. The jacket simply wraps around your hot water tank to help reduce heat loss by up to 75% and keeping your water hotter for longer.

By wrapping the jacket around your exposed hot water pipes, it’ll reduce the amount of heat lost and, therefore, keep your hot water hotter for longer. That's according to Mr Lewis, anyway, with the ITV and BBC star a go-to source of financial advice and information for viewers.