This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement. As of October, the energy price cap will rise by 10%, and this could mean some households will have to find another £550 per year to meet the cost of heating their homes.
Even the average home currently pays bills of £1,568 a year, and the price cap rise, which is limited by Ofgem energy price cap will see average bills rise by £149 to £1,717 from 1 October. The news is likely to see families starting to look out for ways to save money as the colder months draw in. Some might switch their energy supplier, a few might install a smart thermostat, others might invest in better insulation.
Did you know with an ad-lite subscription to NorthernIrelandWorld, you get 70% fewer ads while viewing the news that matters to you. But more and more people are choosing to walk away from their gas or oil-fired boilers and switch to heat pumps. Because it can save hundreds of pounds each year.
According to heat pump firm Aira the average home could save £500 per year on energy bills. And if you use or are planning to use solar panels, that saving could be significantly higher. That's because air source and ground source heat pumps don't actually burn anything .
Instead they extract heat from the environment and transfer it into your home using electricity. This means the carbon footprint of your heating system will be significantl.
