As energy prices continue to fluctuate, we understand that finding ways to save money on your home’s outgoing costs is becoming increasingly important. In this guide we’ll look at how the energy-efficiency of a Warmup heating system could help to reduce the cost of heating your home. We’ll explore:
- The latest Energy Price Cap figures and what they mean for you
- How the sustainable technology of UFH can help save you money
- The running costs of electric and water floor heating systems
- The importance of insulation in improving your home’s energy performance
- How Smart Thermostats provide big energy and cost-savings
What is the energy price cap as-of April 2023?
The energy price cap is a UK-wide initiative that sets a maximum price for gas and electricity for users on default tariffs. These prices are reviewed and updated frequently by Ofgem based on economic and infrastructural factors and as such, the cost of heating our homes has increased over the past two years. The current energy price cap is set at:
Electricity: £0.34 per/kWh and a daily standing charge of £0.46
Gas: £0.10 per kWh and a daily standing charge: £0.28
These prices are due to be updated on July 1st 2023, with an expectation that energy prices will fall slightly.
How can underfloor heating help to reduce my heating bills?
The low running costs of a floor heating system is due to its energy-saving technology. With faster heat-up times and its ability to run at lower temperatures than traditional heating systems whilst still producing the same level of warmth, floor heating can help save your substantial amounts of money on your energy bills. These running costs can vary depending on your home’s design but you could enjoy hundreds of pounds of savings annually. Looking for more information on how to save money on your heating bills? Read our informative guide.
Is an electric or hydro system cheaper to run?
Due to the current costs of electricity, water underfloor heating systems installed with gas-based heat sources or heat pumps offer the lowest running costs. Because of floor heating’s radiant heat effect, wet systems can heat your home to perfect comfort levels at flow temperatures of just 30-40 degrees – much less than the temperatures required by central heating systems.
However, it is worth noting that Electric UFH systems are often more affordable to purchase and quicker to install than wet systems, making them ideal for home renovation projects. You can get an instant online quote to discover the ideal system for your project and see exactly how much it will cost to buy.
How can I save even more money with UFH?
Installing a hydronic system with a ground or air-source heat pump in your home is a fantastic way to reduce the carbon footprint of your property and save significant amounts of money too. Heat pumps are perfect for use with underfloor heating as both technologies are designed to run at lower temperatures. Our VLo line of low-profile water floor heating systems have been developed for refurbishment projects and using one of these innovative solutions with an accompanying heat pump could save you over £700 a year on your energy bills and reduce your home’s carbon output by 1900 kgCO2 a year too. Find out more about the cost-savings of UFH and heat pumps in our expert article.
What other things could help to lower my energy costs?
If you’re thinking about a new underfloor heating system for your home, there are other tools to consider that could help you save even more money.
Making sure your home is well insulated is an important measure and all Warmup systems should be fitted with accompanying insulation. Warmup insulation enhances the energy-efficiency of floor heating systems, saving you both energy usage and money. It helps in preventing the heat produced by the system from escaping the space whilst also improving heat-up times.
Controlling your system with a dedicated Smart Thermostat will also maximise the energy-saving technology of floor heating. Smart heating controls not only provide accurate temperature and heating schedule management for your system but also offer energy monitoring and automatic heat functionality, greatly assisting in conserving energy. Using the 6iE Smart WiFi Thermostat with Warmup’s ‘MyHeating’ and ‘AutoSwitch’ Smartphone apps can reduce your energy usage by 25% and help save you over £400 on your bills.
Installing multiple UFH systems with system-dedicated controls across your home will also facilitate a zoned heating function, which allows you to heat specific areas as and when you need warmth. This ensures your home’s heating is always operating at an environmentally conscious level with little energy wastage – dramatically improving your home’s energy performance. You can learn more about the benefits of zoned heating in our helpful guide.