Measures Energy Companies Adopt to Help their Consumers Save Money

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Measures Energy Companies Adopt to Help their Consumers Save Money Posted: 01 Apr 2014 08:18 PM PDT After the recession, consumers are more aware of energy costs and the need to reduce them. Energy companies have a responsibility to provide energy saving solutions to customers, and the government has introduced the "energy companies obligation" scheme. Energy Companies Obligation The energy companies obligation (ECO)scheme is set up to support households in becoming more energy efficient. Your energy supplier can evaluate whether you are eligible basedon income and what measures are required to upgrade your home. npower provides more useful information about the scheme, and how you can find out if you are eligible for it. Some of those that would be considered for this type of program are: Those receiving pension credit Those in income support or receiving jobseeker's allowance Those receiving disable child premium Those with disabilities This scheme ensures that low-income households receive adequate insulation in their home to keep them warm in the winter and cool in the summer, whilst reducing energy costs throughout. The Green Deal The green deal works in a similar way to the ECO scheme, however it operates as a loan. Instead of receiving free care from the government, the green deal allows consumers to receive home insulation, which is then repaid through the savings they make on their energy bill as a result. As such it is open to a wider range of consumers. Like the ECO scheme, consumers can check their eligibility online. Once that assessment is complete, the energy company can go in to provide insulation. Customers may receive either cavity or solid wall insulation, depending on the style of house. To learn more about the difference between the two, take a look at this helpful blog post. Energy Saving Tips Additionally, energy companiesprovide tips for saving energy in the home.Providing information about how much energy different appliances in the home use can help customers understand where they can save money by cutting down usage. Some suggest products customers can buy that reduce energy usage, such as energy saving light bulbs that use up to 75% less energy than regular bulbs. Promoting Renewable Energy With focus very much shifting towards renewable energy sources, energy companies have a responsibility to promote these to customers, encouraging them to adopt these and generate their own renewable energy. There is currently a scheme called feed in tariff (FIT), which encourages customers to install solar panels in their homes to generate their own renewable electricity. The scheme pays them for the electricity they generate, as well as the energy they feed back into the grid. This is a great practical way to get consumers thinking about renewable energy and is a move towards fulfilling the goal of making 15% of all energy produced in the UK renewable. The post Measures Energy Companies Adopt to Help their Consumers Save Money appeared first on . Related posts: Energy Efficiency: How Geothermal Energy Can Help You Save Money Save Money This Summer by Saving Energy Save Energy, Save Money

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