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Home›Debt›Universal Credit LAST: Britons must WAIT until July for £650 cost-of-living subsidy; how it affects YOU and how to claim

Universal Credit LAST: Britons must WAIT until July for £650 cost-of-living subsidy; how it affects YOU and how to claim

By Matthew Brooks
June 15, 2022
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A surprising reason why your energy bills could soar by £270

Summer has finally arrived in the UK with temperatures set to soar to 30 degrees or more in parts of the country this week.

It’s warmer than some vacation destinations like the Canary Islands, Cyprus, Portugal, Jamaica and Costa Rica.

But if you think hot weather means cooler energy bills, you might be in for a shock. Experts warn that your bills could even rise with mercury.

According to new data from Loop, a smart meter app, you could be spending up to £270 extra a month on devices to stay cool.

It’s costing you more to run gadgets like fans and air conditioning units compared to last year because energy prices have gone up.

The company calculates that this could add up to £9 a day more to your energy bill, if you used them all.

That means it’s more important than ever to understand how much energy you’re using and whether you can reduce it to save money.

Steve Buckley, head of data science at Loop, said: “As we see the first episode of warm weather, many of us will be looking for ways to stay cool, but it’s important to consider how some of this equipment could add to your bills.

“At first glance, these costs might not seem so high on an hourly basis, but they can really add up if you have a few appliances running or you forget to turn them off.”

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