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Money Box Live: Cutting Energy Costs this Winter

Money Box

BBC

Business

4.2825 Ratings

🗓️ 1 November 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

Money Box Live is looking at how to prepare for the cold nights ahead this winter following a year of high energy costs.

The Ofgem energy price cap has fallen by 7% to just over £1900. The price cap is the maximum amount your provider can charge per unit of gas and electricity. It is the amount a typical home in England, Scotland and Wales will pay a year, but if you use more, you will pay more.

Last year, there was government support to the tune of £400 to help households with rising costs. That isn't coming this year, and standing charges have gone up. It means people may end up paying more this Winter.

So, this week on Money Box Live, we're looking at how what you're doing to keep costs down as well as tips from our experts ranging from how thick your insulation should be to exactly how much it costs to put the oven on.

Matthew Cole, head of the Fuel Bank Foundation, and Madeleine Gabriel, Director of Sustainability at charity Nesta, join Felicity Hannah for this week's programme.

Presenter: Felicity Hannah Producer: Sarah Rogers Researcher: Eimear Devlin Editor: Jess Quayle

Transcript

Click on a timestamp to play from that location

0:00.0

You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.

0:06.5

I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.

0:11.2

I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,

0:16.0

relationships, identity, comedy, even one that mixes poetry, music and inner city life.

0:22.4

So one day I'll be helping host develop their ideas, the next fact-checking, a feature,

0:28.3

and the next looking at how a podcast connects with its audience, and maybe that's you.

0:33.6

So if you like this podcast, check out some others on BBC Sounds.

0:39.5

BBC Sounds, music, radio podcasts.

0:43.3

Hello, and glad you can join us on this Moneybox Live podcast.

0:46.9

Today we're talking about how to insulate yourself against high energy bills.

0:51.5

Now, last year we had a very bleak midwinter, with seemingly no end in sight to the

0:55.9

rising cost of gas and electricity. This is how some of the big announcements were reported

1:01.4

across the BBC. The increase in the energy price cap a whopping 54%. The average annual bill

1:09.8

for a household in England, Wales and Scotland is going up to £3,549.

1:15.6

I am terrified that when the winter comes, we're not going to have enough for the bills.

1:20.6

The Chancellor has announced every household will receive a £400 discount on bills.

1:25.6

Well that was the help last year.

1:28.0

Before we go any further, I thought we should just remind ourselves what's changed this year.

1:32.0

So Moneyboxed reporter Sarah Rogers joins me now.

1:35.0

Sarah, I know in my house we're definitely fighting over whether it's too soon to turn up the thermostat.

1:40.2

It's not, is my position.

1:42.1

Well, I've been looking at the electric blanket under my bed just wondering

...

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