Did you know that the amount of spare energy in the UK is set to plummet over the coming years? In fact, it’s expected that by 2016, spare electricity will be slashed from 14% to just 4%. And this could worsen still.
The stark warning from the Office of Gas and Electricity Markets shows how homeowners will be squeezed more than ever on energy bills, making it even more crucial to be on the right energy plan.
There are a number of reasons to blame for this drop in electricity, with aging power stations, the financial crisis and challenging environmental targets cited.
And whilst the Government are planning ways to improve the country’s energy outlook, it’s unlikely that you’ll be saving any pennies on energy bills in the foreseeable future. Instead the national suppliers are cranking up their costs and putting more and more families into fuel poverty.
Ed Davies, Secretary of State for Energy and Climate Change, has thanked Ofgem for its Electricity Capacity Assessment.
He said: “Security of electricity supply is of critical importance to the health of the economy and the smooth functioning of our daily lives.”
So with more bad news in the energy market, one of your main priorities should be to find and implement a solution to tackle expensive bills. As such, have you considered renewable energy?
Renewable energy generates free electricity or heat from natural sources, taking away your reliance from the National Grid prices. And solar panels are by far the nation’s favourite solution.
Solar panels are fit to the roof of your home and take the sun’s rays to produce electricity to use in the household. With a solar system you can save hundreds of pounds a year on bills whilst also earning through the Government’s feed-in tariff scheme.
In total, you could see savings and earnings up to £700 each year and this would be guaranteed for two decades. What better way is there to avoid those expensive electricity prices?
But what about your home? Will you live there for at least 20 years? It doesn’t matter if the answer is no, because solar panels are bound to add value to your property and in fact, solar systems are the most desired non-essential product for property buyers.
There seems little reason not to make an investment in solar panels, so make 2014 the year you fight back against expensive energy prices.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]Solar panels are now priced at a record low, providing an excellent return on investment for every buyer.[/tweetable]
- [tweetable alt=””]The feed-in tariff scheme will help homeowners earn over £500 annually with solar panels.[/tweetable]
- [tweetable alt=””]Solar panels will help to reduce your yearly electricity bills by over £100, providing over two decades of savings.[/tweetable]
- [tweetable alt=””]The generous export tariff ensures no electricity is wasted as it’s sold to the National Grid for a set price.[/tweetable]
- [tweetable alt=””]As gas and electricity prices continue to increase year-on-year, solar panels offer a way to guarantee your energy future.[/tweetable]