Eco-Living Magazine

Energy Prices Set To Soar Again

Posted on the 20 February 2013 by Ecoexperts @TheEcoExperts

Energy Prices Set To Soar AgainIF YOU use energy, the future’s grim.

Prices are set to rise again, and again, and again.

For many, the hikes announced before Christmas were more than enough to worry about, but a spokesperson from Ofgem, the UK electricity and gas market regulator, say prices will soar again.

Alistair Buchanan, chief executive of Ofgem, said a lack of energy generation meant Britain faces five years of rapidly increasing electricity costs.

He said while old power stations had been shut down to meet green targets, they had not been replaced with other energy generating solutions, leaving the UK to rely on expensive imports.

And UK residents are set to be hit the hardest with millions of homes un-insulated and incredibly energy inefficient.

A spokesperson for the EcoExperts said: “For most householders it doesn’t really matter why prices are going up, it just matters that they are. Each time the bills come through the letter box, homeowners are bound to feel a sense of dread as the figure is higher than before.

“Every time we hear news about energy bill increases, we always see a huge surge of people looking to install solar panels and create their own energy. The reason for this is, simply, people can’t afford these huge bills, so instead look at ways they create their own energy and installing a solar panel is one of them.

Energy Prices Set To Soar Again
“A lot of people are really, really worried about the future of the UK’s energy supply, and feel more secure knowing they are creating their own.”

Mr Buchanan said the consumers needed the change their habits and use programmes like the Green Deal to cut down on energy use.

The government incentive allows property owners to increase the energy efficiency of their home, by providing them with a loan attached to their property which they can use to purchase insulation, double glazing and solar panels along with many other solutions.

However, while energy supplies may be in short supply analysts said there was little chance of the UK running out of gas.

Ashton Berkhauer, the deputy chair of Energy Forecaster, which gives companies advice on their energy bills told the BBC: “We must not fear. The UK is very well connected. We have a number of different inter-connectors based all around the country as well as huge import facilities.

“However it is important consumers and businesses make sure they are not using more energy than they need to."

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Tresemme Botanique Detox and Restore Shampoo | Review

    Tresemme Botanique Detox Restore Shampoo Review

    Tresemme BotaniqueLuckily, I haven't faced many issues with hair and I didn't bother much for a good hair care routine. 😄 My hair care routine was only oiling... Read more

    12 hours, 24 minutes ago by   Niharika Verma
  • Refrain


    It's always nice to experience something out of the ordinary in St Helens, and on this occasion it was quite extraordinary as I took to the streets to view a... Read more

    12 hours, 59 minutes ago by   Mike Lindley
  • Republique, the Pub & Terrace Lounge…!

    Republique, Terrace Lounge…!

    How many of you have that one favourite restaurant that you always visit because you know that nothing can go wrong with your food you are happy while... Read more

    14 hours, 8 minutes ago by   Anithanayak
  • Ragin' Ripple Sale Happening Now! Plus Steak, Doublestone and the New Thin...

    Ragin' Ripple Sale Happening Now! Plus Steak, Doublestone Thin Lizzy Tribute with Mothership!

    Time for a huge, ragin' Ripple sale!Let's clear some space in the warehouse for some new, killer releases comin' down the line.While supplies last: $5 CD's and... Read more

    14 hours, 8 minutes ago by   Ripplemusic
  • Berghaus Dragon’s Back Race 2017 – Day Two Review

    Berghaus Dragon’s Back Race 2017 Review

    Berghaus Dragon's Back Race 2017 - Day Two Review Start - Hafod y Llan Campsite Finish- Vanner Farm Campsite Distance covered - 58km Height climbed - 3,600m... Read more

    14 hours, 59 minutes ago by   Abichal
  • And Now for Something Completely Different

    Something Completely Different

    A Black Vulture (and a road-kill groundhog.) As I was driving to the grocery store on Monday, I saw a flock of these birds, maybe twenty, at the roadside and wa... Read more

    15 hours, 38 minutes ago by   Vickilane
  • Creamy Chive & Cheddar Dressing

    Creamy Chive Cheddar Dressing

    We have a bank holiday coming up next weekend and the good news is we are actually expecting some pretty decent weather with it! Salad weather! Yay! I love, LOV... Read more

    16 hours, 12 minutes ago by   Mariealicerayner