Turn up the heat
As well as the usual culprits such as presents and food, the cost of energy is of particular concern to households this Christmas. With more energy used on TVs and gadgets, cooking, Christmas lights and central heating, four in ten of us celebrating Christmas (39%) imagine that our energy bill post-Christmas will be more expensive than the one before Christmas, with an expected increase of nearly £55. This equates to £960 million additional spend on energy nationwide – ouch.
In fact, fixed energy tariffs have risen by £100 on average over the last month², which means many of us could be in for a post-Christmas bill shock. This won’t come as good news to the 42% who said they would be concerned about the impact an energy bill hike would have on their household finances. And with the UK set to have the coldest winter in six years, we’re going to need the heating on!
Despite the potentially freezing conditions, we found that a quarter of people intend to ration their energy usage over Christmas to try and keep energy bills low. But remember there are other ways for you to save money, and if you’ve got young children or elderly relatives, make sure they stay warm.