Energy crisis: save money and electricity with these simple and cheap tips from the experts

Professor Aoife Foley and her colleagues from Queens University Belfast have been monitoring the development of the energy price crisis.

You have now created handy reference charts that will help people save money.

“Older people are much better at it. They turn things off, they use them at set times, they do it automatically,” Professor Foley said.

“Gen X and Gen Z have gotten used to being a little looser and as a result they’ve lost important knowledge – at least it matters now that people really have to watch what they’re spending.”

Here are her top tips for saving during the energy crisis:

Switch to energy-efficient LED light bulbs

Cost: €2.50 – €9 per onion

Potential savings: €4.50 to €15 per year per bulb

Improve insulation in your hot water tank and attic, insulate exposed outside pipes and install radiator reflector panels

Costs: Attic insulation €745, hot water tank jacket €19.50 and reflector panels €9 each

Savings potential: 355 € heating costs per year

Install a water-saving eco showerhead

Cost: €11.50 – €46

Potential savings: €73 – €135 per year in energy costs

Check and modernize your household appliances by energy efficiency class

Cost: Energy efficient kettle €135; fridge freezer €825 – €1,650; Tumble dryer €560 – €1,030

Savings potential: Dependent on use and previous energy efficiency class of the devices

Draft-proof your windows and doors by using better-fitting curtains and draft excluders

Cost: Curtain prices vary; Draft excluders cost €6 – €23

Savings potential: 109 € heating costs per year

Set the thermostat for heating to 17°C – 19°C; Hot water at a lower temperature eg 60°C and fridge with freezer compartment at a reduced setting

For free

Potential savings: €146 heating costs; Savings vary by fridge freezer

Service your boiler and check that the radiator valves are not set too high; Consider turning off some valves

Costs: Boiler service on average around €92

Potential Savings: Varies, but your boiler accounts for about 55 percent of the energy bill

Check your energy tariffs and see if you can switch

Cost: If you are still within an agreed contract period, you may have to pay a fee

Savings potential: Depending on the selected tariff and annual energy consumption

Turn off unnecessary devices in standby mode, consider installing smart sockets with timers

Cost: Standard timer plugs €7 – €14 each; Smart plug with timer from €18 each

Potential savings: €23 in electricity costs by switching off your standby devices

Avoid multiple shopping trips a week and other unnecessary trips

For free

Potential savings: Variable depending on speed, fuel and vehicle type

Before you travel, find out about the weather and consider walking, cycling, or using public transportation

Cost: Public transport costs vary

Potential savings: Depends on distance, time of day and mode of transport

Consider switching off a second fridge freezer if you have one

For free

Savings potential: Depends on device type and usage

Consider a time-of-use plan if available, and use large devices during off-peak hours

Potential savings: Up to 30 percent lower energy costs

Source: Aoife Foley, Dizar Al Kez, Harrison Hampton (2022) – 13 point plan to reduce your energy consumption in Ireland. Queen’s University Belfast.

https://www.independent.ie/business/personal-finance/energy-crisis-save-money-and-power-with-these-simple-cheap-tips-from-the-experts-42014376.html Energy crisis: save money and electricity with these simple and cheap tips from the experts

Fry Electronics Team

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