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Dual-fuel energy bills going steady at 1,328 pounds on average

The average dual fuel bill for the following 12 months should hover around the £1,328 mark, Ofgem’s latest Supply Market Indicator (SMI) suggests.

The SMI is a 12-month forward look at cost trends. It looks at the average annual bills for consumers and estimates the annual cost per customer faced by a typical large supplier to deliver gas and electricity.

The latest indicators show that wholesale gas and electricity costs for the next 12 months will be around £591 or 45% of an average dual fuel bill. This is slightly lower than last month’s estimate of £594.

Ofgem’s estimate of network, environmental and social costs for the next 12 months have increased by approximately £4 to £392. This is due to an increase in Renewable obligation costs for 2015/16 and inflation.

Additionally, the regulator’s estimate of supplier operating costs for the next 12 months remains broadly the same as last month at £175.

The estimate of the pre-tax margin a typical large supplier could make over the next 12 months, based on a 13-month rolling average margin, is largely unchanged this month at around £103 or 8% of the annual dual fuel bill.

The HeatingSave Building Energy Management System is registered on the Government Energy Technology List, which means that users can easily obtain Green Deal funding in order to have the system installed.

Plus, since it allows home owners to cut energy bills by up to an impressive 30%+, HeatingSave is the perfect energy-saving measure to implement, given the huge long-term savings it enables.

The system is built around the idea of optimizing the energy consumption levels within any area with the help of an advanced heat-loss algorithm that creates a specific profile for any building and based on that, switches heating on later if its warm and off earlier if its cold.

It also automatically adjusts your boiler depending on how warm it is outside – save up to another 10%.

Additionally, the automatic occupancy detection allows the temperature to reduce to a background when areas are not used and quickly brought up to temperature when they are being used.

If you’d like to find out more information on the HeatingSave energy management system and the way in which one can take advantage of it in conjunction with the Green Deal program, just contact our dedicated team, they’ll be more than happy to answer all of the questions and queries you might have.

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