Sunday 10 July 2011

You have the power to slow the ever rising cost of energy

These latest increases will push the average annual household energy bill up to £1,193 from 18 August, taking bills to an all-time high. Incredibly, in just over five years energy bills have rocketed by £472 or 71 per cent.
These price increases have started to make affordability and fuel poverty a real issue. Fuel poverty levels in the UK are spiralling dangerously with 6.3 million or almost a quarter of all households now classed as fuel poor - this is where 10 per cent or more of net household income is being spent on energy.

Unfortunately, consumers are paying the price for an energy policy that is disjointed, incoherent and unaffordable. The problems with the market run deep. Massive investment of £200 billion is needed to keep the lights on and to reach the government's ambitious carbon emission reduction targets. This will see the cost of energy rise even further as cheaper, dirty sources are no longer an option.
t's more than likely that consumers will have to foot the bill, seeing the costs passed on through their energy bills. We already pay £84 a year in "hidden" green taxes or levies on our energy bills, but as the need for investment rises and suppliers struggle to hit green targets these taxes could go up, causing our household energy bills to keep growing.

There are discounts available for taking both gas and electricity (dual fuel) from the one supplier plus further discounts for paying by monthly direct debit.
The other key step for people to take is to reduce the amount of energy they use by being more energy efficient. Just doing simple common- sense things can save you money. Don't keep appliances on standby, don't leave mobile phones charging up all day and switch lights and gadgets off when no longer needed.

Households should also look to invest in longer-term energy efficiency measures such as insulating lofts and cavity walls, which can cut bills by up to 25 per cent.

Those who would struggle to afford this kind of investment in their home should contact their energy supplier to see whether they qualify for any energy efficiency grants or financial support. Suppliers have a pot of money available to help customers in this way.

full article

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