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Octopus Energy is recommending an 87p item to slash electricity costs . Octopus suggests UK households replace light bulbs for energy-efficent ones, with LED bulbs stated to be the most economical choice.

These bulbs require much less energy when compared to regular bulbs — almost 80% less. Over a duration of time, the savings from reduced energy-consuming items will result in a manageable budget and fewer bulb purchases.

On its "Energy Saving Tips" page on the website, Octopus Energy said: "Saving energy shouldn’t feel like a chore. It’s all about making simple, smart choices that benefit both your wallet and the planet."

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It explained: "Lighting makes up around 11% of a typical power bill

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