How Much will Energy Cost This Winter?
The energy price cap from October 2022 will mean that the average energy bill will be around £3420 per year. It is time to think about how you can save on winter energy bills.
Some analysts believe that this could rise to over £3600 next year when the price cap is reviewed in April.
If Puten were to cut the gas off to Europe completely then the price may go even higher.
This is a frightening prospect for many families who will have to cope with expensive petrol, food inflation at around 10% and increased interest rates adding hundreds of pounds to average variable rate mortgages.
What Can I Do About Energy Costs this Winter?
The key is to plan ahead and try to save money during the summer to save on winter energy bills. During a heatwave, the thought of a freezing winter may seem far off but as well as planning ahead now is a good time to review your electricity bills and look to reduce usage by switching off devices on standby, and restricting the use of some energy sapping appliances.
If you have an open fire or a wood burner you could heat your home by burning logs.
How Much Does it Cost to Install a Woodburner?
The cost of installation will depend upon the age and type of building. Crucially it will depend on whether there is a chimney and whether that chimney needs to be lined. Basically (2022) it costs around £1,500 to install a burner in a property with a pre-existing chimney. However, if a flue system needs to be installed then bills will rise to around £2500+.
Check the price of wood burning stoves at Amazon.
How Much Does it Cost to Burn Logs This Winter?
Assuming you run a 5kw wood burner all through the winter, you will likely require around 3.0 cubic meters of mixed hardwood logs, which can cost around £390.
Local firewood suppliers may be cheaper but logs bought locally may have a higher moisture content than premium kiln dried Ash or Oak.
There is a big variation in prices so shop around. Buying bags of logs from your local corner shop or garage is probably the most expensive way of buying logs.
The beauty of logs is that you can still literally pick them up for free!
However, even if you buy logs in bags from the local garage, heating your home with a wood burning stove will still be considerably cheaper than either gas, electricity or heating oil.