Energy price rises anticipated

Energy prices continue to rise and there seems to be no signs of them slowing. Channel 4 News recently reported that an independent report commisioned by Centrica shows that gas prices are set to rise 70% from current costs.

Is this yet another catalyst for consumers to further look at how they utilise their gas and electric supplies to their properties?

Energy prices have surged since Feburary of 2007 and all the customers of the major players British Gas, Npower, EDF, Scottish Power, Scottish and Southern Energy and E.On have had to support big increases in fuel prices.

Certainly at present many households are feeling the ‘credit crunch’ and are often looking at making cost savings that they can make within their current lifestyles . Energy saving and efficiency is becoming a higher priority amongst many; not only looking to compare energy prices within the market place but how they can become more efficient and ultimately use less energy.

So how do we use less and cut our bills?

  • change your behaviour
  • upgrade appliances and install energy saving/efficient products.
  • changing supplier

Simple behaviour changes can be made and it can be suprising at the savings that can be made with all or a combination of the following and obviosuly this list is not exhaustive:

  • Turn your thermostat down. Reducing your room temperature by 1 degree °C could cut your heating bills by up to 10 percent. You could save around £40 per year.
  • Is your water too hot? Your cylinder thermostat shouldn’t need to be set higher than 60°C/140°F. A good measure of this is if the water is too hot to hold your hand under, turn the temperature down
  • Close your curtains at dusk to stop heat escaping through the windows, incidentally, this is also reccomended as a security measure.
  • Turn off your lights when you leave a room.
  • Don’t leave appliances on standby and remember not to leave appliances on charge unnecessarily.
  • If you’re not filling up the washing machine, tumble dryer or dishwasher, use the half-load or economy programme.
  • Only boil as much water as you need to (but remember to cover the elements if you’re using an electric kettle).
  • A dripping hot water tap wastes energy and in one week wastes enough hot water to fill half a bath, so fix leaking taps and make sure they’re fully turned off!
  • Use energy saving light bulbs. Just one can save you £60 over the lifetime of the bulb – as they last up to 10 times longer than ordinary lightbulbs.

Please feel free to add your tips or behaviour changes you have made within the comments below.

The Energy Performance Certificate does not include or make reccomended related behaviour changes to the benefit of your energy efficiency and focuses on reccomendations based upon your properties’ current attributes. More information about the domestic energy assessment can be found within our guide.

It is of interest that the government actually officially reccommends changing suppliers to cheaper ones and there have been many organisations and companies formed to compare such prices. Millions of households have already switched suppliers and this will continue in search of reduced costs.

As the issue of rapidly increasing energy prices becomes ever so more costly to the public, now is the time to address not one but all of the points we have spoken about. It is a multi faceted solution if you choose to reduce your energy consumption and ultimately your monthly gas and electric bills.

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6 Responses to “Energy price rises anticipated”

  1. I don’t mean to be too in your face, but I’m not sure I agree with this. Anyhow, thanks for sharing and I think I’ll come to this blog more often.

  2. Hi Max,

    Your comments are welcome whether you agree or disagree with our posts.

    Just this week one of the major suppliers has announced further energy price rises. EDF announced that its UK arm is increasing its electricity and gas bills by 17 percent and 22 percent respectively.

    It is now expected the other ‘players’ in the market will follow suit fairly shortly.

  3. …and right on cue. From today, British Gas is raising the price of its gas by 35 per cent, while customers buying electricity from it will pay 9.4 per cent more. Households who buy both services from the utility will see their dual fuel bills rise by 25 per cent.

    I believe this is the biggest single price hike and makes EDF’s rise almost look modest.

    The increases mean the average household’s dual fuel bill will rise from £1,055 a year to £1,322. It is advised that those on direct debit payments with estimated readings increase their monthly payments. If not, don’t be suprised when you are giving a whopping bill when they check your meter. Be warned.

  4. With these price rises the rental market might use the EPC – energy performance certificate from 1st October 2008 – to good advantage.

    Given 2 properties of similar loaction, size etc then the property with the better energy rating might get attract a higher monthly rent or rent faster.

    It will be interesting to see how this new market develops.

  5. alison beckett Says:

    I have been a tenant for the past 22yrs (ex city council) now housing association or social landlord. It is my understanding that as a CURRENT TENANT i cannot request to see an EPC on my property, as it is not a legal requirement. As a new tenant i could request to see an EPC on my property as it is now a legal requirement, so in actual fact i cannot reduce my CO2’s because i don’t no what they currently are anyway!!! and apparently i have no legal right to find out. Discrimination and double standards scream out loud, whilst i have no choice but to continue to shut up and pay my increasing ENERGY BILLS for the same amount of RENT, what happened to my choise and rights??? Please where do i stand?

  6. Hi Alison,

    You are correct that if you are a current/exisiting tenant your Landlord has no legal obligation to provide an EPC as of 1/10/08.

    Unfortunately, as it stands at present if you remain in the property for the next 22yrs your Landlord would not ‘require’ an EPC to be carried out.

    The legislation is heavily based around providing an EPC when the property is marketed. Further details on when a Landlord must provide an EPC can be found here.

    However, some Local Authorities/Housing Association/Landlords are planning on certificating all there housing stock in due course. It is our experience that void properties will be targeted for certification first and will be a priority, though properties with existing tenants may well also be certificated. I would advise speaking with your housing association/landlord and asking whether this will be the case.

    It may also be an option for you to speak with your Landlord about your intention of making energy efficent improvements to the property; explaining that you feel the EPC would provide a good basis to identifying which improvements would be beneficial in being made. Most landlords value improvements being made by tenants that ultimately add value to the property.

    I would be interested in their response if you do ask. Hope this helps.

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