How optimistic is the nation about energy prices?

In the final blog in our series, we explore the nation’s outlook on the current energy price situation in the UK – are we feeling gloomy about our bills this winter or are there some rays of sunny optimism?

We surveyed 2,000 adults about their energy saving habits and attitudes to the energy crisis.

Negatives outweigh the positives

Over half (52%) of Brits described their outlook as negative and don’t expect their bills to reduce,  with 1 in 3 (32%) of those surveyed feeling very negative and certain that this will not happen.

Nearly 1 in 10 (8%) do feel confident that their bills will reduce, with a further 15% feeling somewhat positive that their bills will start to come down.

1 in 5 people described their outlook as neutral and were indifferent as to whether their bills will reduce.

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Does age impact your outlook?

Negativity about future energy bills is strongest amongst the over 55s, with nearly half (47%) feeling certain that their costs will not drop and just 5% having any confidence that the situation will change.

Optimism is higher amongst older millennials, with over a quarter of 25-44-year-olds (27%) feeling somewhat positive that their bills will reduce, compared to 15% overall. 25-34-year-olds have the most positive outlook, with a quarter (versus 8% on average) feeling confident that their costs will come down.

Who is feeling more positive – men or women?

On the whole, men are more optimistic about the energy price outlook, with nearly a third (29%) feeling a degree of positivity that their bills will decrease, compared to 17% of women. More women (35%) feel certain that their bills will not reduce, compared to 28% of men.

Londoners are the most optimistic

Regionally, Londoners stand out as feeling the most positive about the energy price situation. 1 in 3 (31%) think there is a chance their bills will reduce (versus 15% on average) and only 15% (compared to 32% overall) are certain that their costs will not drop. This is followed closely by Wales, where nearly one fifth (18%) feel confident of an energy bill fall (versus 8% of all respondents).

Those living in the southwest and Scotland feel the most negative, with 41% and 39% respectively feeling certain that their bills will not reduce, compared to 32% overall.

Be Wiser with your heating

Concern around energy bills remains high across the nation and while many external factors impact energy costs, there are steps we can all take at home to better control our usage, which in turn will help bring down your monthly costs.

By controlling your heating room-to-room with a smart heating system like Wiser, you could save up to 30% off your annual energy bills – that’s definitely something to feel good about.