Rethinking Energy Costs: A Call to Action for Households

Many households are overspending on energy, with electricity prices at 43.5 cents/kWh and gas at 14 cents/kWh in basic supply. By switching to cheaper providers or adopting modern technologies, significant savings can be achieved.

The increasing network charges and CO2 pricing are contributing to higher costs. However, from 2025, dynamic electricity tariffs and smart meters are expected to offer further savings, particularly for homes utilizing heat pumps or electric vehicles.

While established companies lag, new entrants like Tibber and Octopus are innovating in dynamic tariffs, providing alternative solutions that can help consumers reduce their energy expenses.