A Decade in the Energy Markets and how to Protect Your Purse Strings Going Forwards
The way we both generate and consume energy has undergone vast changes over the last decade.
As natural fossil fuel resources have depleted and the demand for renewable, environmentally friendly energy sources has increased, a seismic shift in domestic energy consumption is well underway. Between 2010 and 2018 coal powered domestic energy reduced by almost 90%, with gas and oil seeing similar drops over the same period. Of course, consumers are seeing the impact of this most keenly in their pockets. As new providers of renewable energy appear on the market and old fossil fuels become increasingly defunct, the energy price war has pushed up domestic bills. The peak happened in 2013 when Citizens Advice estimated that energy bills were increasing 8 times faster than wages in the UK. Whilst that rate of increase may well have slowed somewhat since then, Ofgem’s increase of the energy price cap in April 2021 will see prices once again start to rise. And at a time when we’re all feeling the pinch a little more keenly.
The combined impact of furloughed workers losing 20% of their usual income, a significant increase in redundancies and unemployment during 2020 and this imminent rise in domestic energy bills, is there anything you can do to protect your precious pounds from the big energy providers?
We have two simple solutions for the home that can help protect your systems and save you pounds over time, going some way to battling the increase in energy prices both now and in the future.
The Combisave is a simple, affordable fix for combination boilers which can help cut costs and reduce wasted energy in the home. This little device attaches to your pipework close to your boiler and works by restricting the water flow until it has reached the temperature you need. Over the course of a year, the Combisave has been proven to potentially reduce a combined water and gas bill by up to £250 per year which is not to be sniffed at, especially looking a little further down the line at the potential increase in costs.
Find out more: https://teddingtonheating.com/product/combisave/
Low heating system pressure is one of the most common causes of costly boiler breakdown. The PressureSentry is an essential low pressure warning device which alerts you before low pressure causes your system to shut down leaving you without hot water and heating. The great thing is that this is a simple fit and forget device; once attached to your radiator it’ll let you know whenever there’s a pressure problem so that you can resolve it before it becomes a potentially more expensive issue. Dealing with minor problems before a catastrophe will always be more cost efficient.
Find out more: https://teddingtonheating.com/product/pressuresentry