How To Stay Ahead Of Rising Energy Prices

Posted on 20th Mar 2017 by Ged Ennis

As a leading provider of business energy services, we always keep an ear to the ground for the latest industry news. The energy industry is currently in the midst of some big changes, with many people worrying that rising energy costs are being passed onto businesses and consumers. While it’s true that things are a bit unsteady at the moment, that’s far from a reason to panic.

A Breakdown Of Why Energy Prices Are Rising

energy efficiency chart

Leaving aside solar panels and renewables just for a second, we’ll start with the more unwelcome news, but bear with us! There are a number of varied and sometimes conflicting opinions on why costs are rising – as you might imagine, given the scale of the UK’s energy industry. Some critics say that the British government hasn’t invested sufficiently in generation in the last few decades, which is basically a concise way of saying they might not have built enough power plants.

One thing people generally tend to agree on is that Brexit is continuing to have a slightly unpredictable effect on the markets, although it’s stabilised since June. A fair proportion of our gas is imported from Europe, which means that Brexit may well still result in further price increases down the line (with the delay due to most energy being purchased a year ahead). One of the main pressures is the price increase in fossil fuels. There was a surge last year in wholesale gas and power prices, which was responsible for the vast majority of rising energy costs, and the UK’s coal industry is in steady decline. However…

You Can Stay Ahead Of The Curve By Choosing Solar

solar installation

So that’s all the bad news. Now, let’s move onto the good stuff! It is true that we’re facing some hiccups at the moment, but it’s important to remember that more money is being poured into solar solutions and other renewable initiatives than ever before. We’re a nation that’s been largely dependent on coal and other fossil fuels since the war years, and we’re transitioning the entire basis of our energy industry to whole new sources. It’s inevitable that this is going to be a rocky road at times, but the odd price increase doesn’t mean that we should give up on renewable energy. Far from it!

Solar power solutions and other business energy services can provide your business with a whole wealth of benefits, financial included. As well as making you more environmentally friendly, (which is a often-underestimated element in your appeal to the modern marketplace), you can even sell any excess energy you produce straight back to the UK government via the Feed-In Tariff, directly profiting your business. That’s not to mention all other the advantages you’ll reap from your ability to produce your very own energy from an limitless source, no less.

If the prospect of rising costs are still giving you some concern, you can incorporate a business Solar PV installation into a company sustainability plan. Investing in sustainability to streamline your usage will increase your business efficiency, saving you even more in costs and making you better equipped to absorb any energy price rises.

You can always have a look at our case studies to find out more about our happy clients that are already enjoying all the benefits our solar PV solutions provide. Of course, if you have any questions or you’d like any help or advice, you can call us on 08456 808 963. We’re always happy to chat!

Don’t forget to follow us on Twitter: @LowCarbonEnCo

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