It could hardly have escaped anyones attention, that there is now a full blown war in the worlds primary region for fossil fuel production and transit, representing about a quarter of global supply under normal conditions. The price of oil has already gone well beyond $100 a barrel, and already analysts are forecasting prices quickly doubling to $200. Gas meanwhile -which crucially is the main fuel UK electricity wholesalers burn to produce the energy they feed into the national grid- has already doubled, and looks set to double again to four times its pre-war price should the US/Israeli attacks on Iran continue.
A four-fold increase in the cost of gas sold on the international markets is going mean the cost UK electricity gets quadrupled, which means homeowners could be facing having to pay four times as much for their energy as they currently do – which is around 25-30p per kilowatt hour. Of course, its not hard to imagine a situation where the war escalates even further, and you could definitely conceive of a situation where the whole Gulf region’s entire oil and gas extraction, refinement and export facilities get completely and utterly obliterated, possibly to never be re-built.
Absent massive governmental handouts to British households to cover the cost of spiralling energy prices, average UK electrify bills could well rise to over 3000 pounds a year once the price cap ends, with the possibility remaining of it going beyond 4 or even 5 thousand each year. At the political level, this obviously represents a mammoth failiure of British energy policy stretching back as far as Blair. Blair came to power in 1997, and it was his government that signed the Kyoto protocol the same year, requiring the UK to reduce its greenhouse gas emissions as part of a binding agreement between virtually every state in the entire international system.
The environmental crisis has been forecast since at least the 1960´s -theres actually been scientists theorising this since the mid 19th century, and its been well understood in academic circles since then- and by the late 1990´s any reasonably clear sighted political leader should have seen both that recurring price shocks are an inherent feature of the global energy system as it is, and also that the transition away from expensive, dirty and unreliable fossil fuels was an inevitability, due to their incompatibility with a habitable planet, and accoprdingly seized the overwhelming advantages of leading the unavoidable transition to clean energy, sustainable energy, not subject to the vagaries of international markets and the whims of war mongering tyrants.
Does the blame for skyrocketing domestic energy price rise lie entirely with successive governments? At a national level, yes. At the household level though, every single UK homeowner has it within their power to escape the folly of the government acting in all our names. There is one class of UK homeowners who will not be experiencing any electricity price hikes in the coming month -Ecotekk customers.
Because our customers were savvy enough to see the benefits of solar and wise enough to act before the crisis hit, they wont be seeing any increase in their bills -and may even find themselves better off as a result of the crisis if they generate a surplus of electricity that they could then export at a profit -the greater the price of energy, the more they’re set to benefit.
The good news for everyone else living in England and Wales is that there’s nothing to stop them reaping the incredible benefits that a Solar PV installation by Ecotekk will bring. All you have to do is call us. If you want to join the smart people who wont be seeing their electricity bills go up now or in the future, there really is no time to waste.
Solar PV, so long as its installed by a company that knows what they’re doing, can be trusted, and charges fair prices -and we can think of only 1 that ticket all 3 boxes- was a no-brainer before the latest Middle East conflict. Now that it has started, and gas prices have already doubled, dont wait till the price cap ends at the end of May and the price goes up fourfold -call us today. The sooner you do so for the more money you will make.