Managing your money

How to reduce your energy bills

Energy saving tips

We spend a lot of money on gas and electricity. That's why we've pulled together our top energy saving tips. We want to help save you money, and reduce your carbon footprint at the same time.

  1. 01

    Don't leave appliances on standby

    Turn your electrical appliances off at the plug, according to the Energy Saving Trust this can save you around £35 a year. 

  2. 02

    Use energy efficient light bulbs

    LED bulbs use up to 90% less energy and last up to 15 times longer than incandescent or halogen bulbs (source: smartenergygb.org). 

  3. 03

    Adjust your thermostat

    Turning the heating thermostat down by one degree can save you up to around £80 a year, according to the Energy Saving Trust.

  4. 04

    Request a smart meter from your energy supplier

    Smart meters show what you're using in pounds and pence, helping you keep an eye on what you're spending. You can also set daily budgets to help ensure you don't spend more than you'd like to on energy. 

Switching energy supplier

Energy bills can be a considerable chunk of our household bills, if you're on a standard variable tariff or haven't switched for a while you could be paying more than you need to. 

Could you switch and save?

Uswitch could help you reduce your energy bills

Compare energy prices from a range of suppliers, so you can find the best option for you. Simply enter your postcode, a few details about your current supplier and Uswitch will do the rest. 

Between 1 July 2020 and 31 December 2020, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £216.(Source: Uswitch February 2021)

Uswitch is an Ofgem accredited, free and informative comparison tool. It is the UK's leading energy switching service and has helped UK consumers switch their energy deal more than 9.2 million times, saving over £2.3 billion since 2006. NatWest receives commission for each switch. When you select 'Compare energy deals' you'll be taken to the Uswitch website. 

Other ways to reduce your household bills

Looking at energy saving and switching is just one way to reduce your monthly outgoings. There are many ways to save money on your monthly bills.

Make sense of your salary

First things first, it's important to know how much you've got coming in each month and understand any deductions from your wage packet before it lands in your current account. 

See how we can help you make sense of your salary.

Categorise your spending

Get insights into your day-to-day spending and create a budget. Setting spending limits can determine how much you have spare to save each month.

App available to customers aged 16+ with compatible iOS and Android devices and a UK or international mobile number in specific countries.

Set a budget

Setting and sticking to a budget is a great way to save money day to day. 

With a clearer idea of your monthly budget, you’ll be able to make better decisions about how you manage your money and plan for your future.

Frequently Asked Questions

Something else we can help you with?