Analysts at Cornwall Insight have stated they expect the Ofgem price cap to fall to £2,062.91 a year for average use from this July.
However, in the meantime, many families will be looking for ways to put costs towards other bills.
A woman has shared how people can save some cash while making the home energy efficient.
As a member of a bargaining and coupon group on Facebook, she shared with other members how she cut her energy bills by changing her lightbulb.
She wrote: “I know people are worried about rising costs but don’t waste your money on battery-powered lights.
“Please go to a pound shop and buy LED lightbulbs.
“We got them for £1 each so ok initial outlay but we changed every bulb and it saved £35 to £40 a month. So paid for itself in the first month.
“When you think that lights can account for 15 percent of your energy costs it’s worth changing your bulbs.”
The post racked up 1,000 likes and nearly 400 comments as other Facebook users shared their thoughts on the idea.
One user wrote: “You’re absolutely right. Changing to low-powered bulbs does help.
“A five-watt bulb needs to be used for 200 hrs to use a kilowatt. Sensible to replace.”
Another said: “With lighting consuming around 40 percent of electricity during the darker months, this is a very wise idea.”
Someone else added: “Everyone should have done this years ago, first week I moved into my house I replaced every single bulb with LEDs, the previous owners had none.”
Another added: ”Thanks for the money-saving tip will defo change mine,” said another, while someone else echoed: “Finally someone with smart advice.”
According to Uswitch, cooking a baked potato in an electric oven will cost someone 27p, compared with just 3p if they use a microwave.
Cooking a casserole will cost 54p in the oven, but only 22p when they use a slow cooker. If someone cooked each of these twice a week, they would save £58.24 a year by not using the oven.
Additionally, air-drying laundry is completely free. In the summer months, hanging and washing outside is ideal, but using a clothes airer works fine indoors.
Tumble dryers are one of the biggest energy guzzlers in the house. Uswitch research estimates they use around 4.5kWh of energy per cycle – £1.27.
For more money-saving tips, Britons can visit uswitch.com
As the cost of living crisis continues, Britons are encouraged to see what benefits they may be entitled to.
By claiming Government benefits, Britons can get extra cash each month. Britons can check the benefits calculator on the Government website to see if they qualify.
