Octopus Energy has encouraged households to implement straightforward adjustments that could collectively slash bills by £517.
Just one of these tweaks alone could cut costs by as much as £65. All that's required is completing a straightforward money-saving boiler challenge.
The energy company says: "Set your flow temperature to between 55 and 60 degrees on your combi boiler. Take a look at Nesta's Money-Saving Boiler walkthrough to see how, depending on your boiler, you could save £65."
Experts at MoneySuperMarket explain that a combi boiler is short for a combination boiler. It's a type of boiler that heats your water and provides central heating from one unit.
It's the UK's most common boiler type and also functions as a condensing boiler. The primary advantages include its compact size, eliminating the need for a separate water tank, and energy efficiency, as it only heats water on demand.
According to the company behind the challenge, Nesta: "If 10 million households turned down the flow temperature on their combi boilers to 60C or below, this could wipe £1 billion off UK energy bills and save 1.7 million tonnes of carbon emissions - the equivalent of nearly six million people taking transatlantic flights."
You can look at the challenge walkthrough here. It adds: "You could save up to £65 a year on your gas bill by changing a single setting on your boiler.
"Combi boilers work best when they heat radiators to 60°C or below. But this 'flow temperature' is often set much too high, between 70C to 80C. It only takes a few minutes to lower your flow temperature, and it can be changed back instantly. There's nothing to lose by trying it."
How can I save money on my bills?In its energy-saving tips, Octopus Energy has urged people to implement the following steps. It could save you over £500 on your bills.
It adds: "Our 10 energy-saving tips could save you £517."
Energy suppliers are sitting on £3 billion of customer credit. Now, households are being urged to check if they should claim some of this back.
The total amount is up £179 million compared to last year, according to comparison website Uswitch, with the average home in credit by almost £200. You can find out more online here.
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