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Save Money on Your Energy Bills

If you’re looking to save money on your energy bills, the first step is to understand how your home is using energy. Then, with an energy-saving tool like Loop, you’ll be able to see where to save.

Understand Your Energy Consumption

Have you ever wondered how much energy is being consumed in your home at this very moment? From running appliances like washing machines to the subtle hum of devices in the background, energy usage can often go unnoticed. 

Imagine having the ability to precisely track your energy use. This insight empowers you to take control of your bills, identify areas for reduction, and steer clear of costly surprises.

The Path to Cheaper Energy Bills

Similar to managing finances, the cost of energy is often overlooked until you’re confronted with a significant bill. To start the journey towards lower costs, the first step is to understand your household’s current consumption. 

An energy-saving app like Loop is an invaluable tool, allowing you to understand your energy habits and make informed decisions about which changes to make. On average, Loop users reduce their energy use by 15%. That’s a saving of around £250.

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Smart meter in-home display device in front of a mobile screen showing the Loop app's daily electricity use tracking screen

Integrating Loop with Your Smart Meter

While smart meters are becoming commonplace, their primary function is to eliminate manual meter readings. They might not offer a comprehensive solution for those trying to reduce the cost of their energy bills.

Tools like Loop quickly and easily integrate with your smart meter to provide enhanced functionality and personalised insights into your energy use. Loop not only monitors your consumption, it guides you to make informed decisions about using less.

Empowering Energy Budgeting

Budgeting is crucial for staying in control of your costs. With Loop it’s easy to monitor your energy consumption across hours, days, weeks, months, and even years. 

By analysing this data, you gain a clear understanding of your regular energy use and associated costs. Knowing this means you are better equipped to set realistic energy budgets and stay on target. Loop gives you the insights you need to manage your energy expenses effectively.

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Black phantom graphic with three pink triangles on either side of it on a dark blue background

Reduce Your Phantom Load

One of the ways Loop helps to reduce your costs is by introducing you to your  ‘Phantom Load‘—the wasted energy in your home.  Cutting this can significantly impact your energy costs. Wasted energy makes up 30% of your bill. 

With Loop, you can identify the devices that don’t need to be constantly on or in standby mode, and learn how to manage them more efficiently.

Detecting Faults for Maximum Efficiency

Beyond revealing your Phantom Load, monitoring your usage with Loop can pinpoint faulty or older, inefficient devices adding to your bills. From over-sensitive security lights which could cost you up to £51 each year, to faulty set-top box recorders which could add £153 to your bill annually, Loop helps you prevent unnecessary expenses.

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