It may feel like a poor April Fools (or we wish it was) but the predictions from Cornwall Insight are that energy bills are set to rise again on 1 April 2025.
Cornwall Insight predicts that the energy price cap will rise by 5% for the three month period April-June taking the typical dual fuel customer to £1,823 per year for energy which is an increase of £85.
This is the third consecutive price increase after only short and minimal decreases in the first half of 2024. And the predictions don’t look that positive for the future either.
So how do we as a nation and individuals address this ever-increasing energy burden?
The push by Labour to increase the amount of homegrown energy in the form of renewable energy from solar and wind farms is part of the answer but also part of the issue. The UK grid needs to be updated and expanded to handle and manage the energy from renewable technologies as the production is not as predictable or steady as other sources of energy. We need to create a flexible grid with storage capacity to enable us to increase the amount of renewable energy in the energy mix. But this comes at a price. Plans are in place to improve the national grid as described in one of our earlier blogs about the UK grid evolving but it will take time.
So, what can you do in the interim to lower your energy bills? You may have done everything you can to reduce your energy consumption, but if you want to check our blog on saving energy could help you. The other key step you could take is to install solar panels on your home to reduce your reliance on electricity from the grid and therefore reduce your exposure to rising energy prices.
We have installed solar panels on countless homes and they are now reaping the benefits of free electricity and smaller energy bills as they need to buy less electricity. An average three bedroom house in South-East UK can save over £1,000 per year on their electricity bills from installing solar panels. Typically, solar panel homes import around 44% of the electricity they use and therefore only 44% of their electricity is subject to price rises, AND the rest is FREE! If they are exporting any electricity they are also getting an income from that too.
So, if you are looking to reduce your energy bills and want to invest in a clean energy future that can generate electricity for your home for the next 30 years (think of the bill savings for all those years), then contact our friendly team today.
SolarTherm UK is an established and trusted installer of solar panels and battery storage, and we can guide you through the process. We offer a quick and easy desktop roof design process, followed by a detailed cable survey and installation. We can also offer low-cost finance options.
