Asda's 65p tin foil could cut the cost of heating bills

The Ofgem price cap will rise by 54 per cent from April 1 to £1,971, adding huge costs to monthly bills for millions of families.

But it is possible to cut your costs with a simple trick that will help to better insulate your home.

One method is to use a special radiator foil which Asda is selling for just 65p.

How will Asda’s tin foil cut energy bills?

Asda sells Smart Price tin foil for just 65p for a 20m by 29cm roll.

As it costs less than £1 a roll, it could be worth trying this simple technique to see if it helps to keep your house stay warmer.

The idea is that the tin foil acts as a reflective foil behind your radiator to bounce heat back into the room.

You can also buy sheets of reflective sticky-back aluminium foil from Screwfix for £3.99, measuring 600mm by 1m.

There isn’t enough research to say how effective using plain tin foil is, or how much it can save you, and some researchers are reluctant to say whether it gives the same benefit as proper reflective foil.

What is the energy crisis?

Regulator Ofgem has confirmed it is increasing its price cap by £693 from £1,277 to £1,971 from April 1 - marking a rise of 54 per cent.

Prepayment customers will be worse hit, with a jump of £708 from £1,309 to £2,017.

Rising energy bills mean all cheap fixed rate deals have been pulled from the market, meaning the majority of families cannot get a better deal than the price cap rate.

Some companies have been contacting customers with special fixed deals that are at the same rate as the price cap, but these are being snapped up and pulled within hours.

Eight ways to cut down the price of your energy bills

Lowering your thermostat dial by just one degree could reduce bills by around £8 to £85 per year.

Adjusting central heating timers to switch off at night and during the day if the house is empty will also minimise fuel consumption.

For rooms in the house that are not used much, try turning down the radiator or turning it off completely.

Lowering the temperature of your washing machine is an eco-friendly way to save money, and drying clothes on a rack instead of a tumble dryer,.

You should also turn appliances off at the power if they are on standby, which could save around £55 a year.

Add insulation to your roof if you can, as installing loft insulation could save up to £215 per year in energy bills depending on your home.

Try buying a draught-excluding cushion and put it in front of your door to tackle draughty windows, doors, chimneys, floorboards, skirting boards and loft hatches. You can also use draught excluder strips or expanding foam fillers for this - and could save you around £25 a year.

It is also worth swapping old-style bulbs with energy-saving LED bulbs as this could save around £7 per year in running costs, and eventually cut around £180 from your energy bills.