Brits could save £164 a year on bills with smart thermostats as energy bills soar
SMART thermostats could save Brits hundreds of pounds a year on their energy bills - more than any other green tech.
As millions face soaring energy bills and look at how to make their homes greener, fresh research reveals that putting one in is the best way to save cash.
Smart thermostats were shown to save the most money - leading to a £164 a year saving in a typical semi-detached home.
It will give better returns than installing an eco-friendly heat pump, solar panels, or making your home more installated.
A new report from Gemserv, backed up by Dr. Tim Forman, Professor of Sustainability at the University of Cambridge, looked at the best way to reduce carbon emissions and save money on bills.
Smart thermostats are new bits of kit that connect your heating system to the internet.
It allows you to turn the dial up or down from your smart phone - whether you're in or out of the house.
Hive, Tado or other brands can cost £120 to £220 - with up to another £80 for installation.
It tells you how warm the home is, and will allow you to schedule your heating based on when you're in the home.
Christopher Lewis, economic analyst at Gemserv said: “Low carbon heating, renewable electricity generation, and insulation upgrades will all play a key role in household decarbonisation.
"However, this report demonstrates that smart thermostats offer consistent financial returns, whilst saving carbon – unique amongst the four technologies we have analysed.
Christian Deilmann, Co-Founder and CPO of tado° added: "In a time of rising energy costs across Europe, lowering your energy consumption is the best option for consumers to lower their bills."
Earlier the boss of one of Britain's biggest energy firms warned that households face 18 months of rising costs.
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They have already risen by hundreds of pounds after a spike in wholesale cost of gas.
Scottish Power boss Keith Anderson has said that the ongoing crisis could lead to bills continuing to rise throughout next year and into 2023.
He said the crisis could leave just five or six energy suppliers in business.
More than 12 companies have already ceased trading in recent weeks because of surging costs.
Anderson warned at least another 20 energy suppliers could collapse in the next month.
He said: "The impact of that, if nothing else changes between now and then, we think you could see by that time the market return to five or six companies, and you could go all the way back to a new version of the Big Six."
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"I don't think that's in the industry's interest, it's not in customers' interest, and it's not in the interest of the regulator either."
Mr Anderson also called for the cap on prices that limits bills for customers to be scrapped.
