The UK energy market is experiencing considerable volatility, with wholesale gas prices reaching an unprecedented level in recent weeks.
With gas still a key component in the UK’s energy mix, price hikes are also having a big impact on our electricity prices. Consumers are seeing worryingly higher gas and electric bills at a time of year when they will be using these the most. As gas supply fell and demand started recovering, wholesale prices began to rise. This continued past pre-pandemic prices, reaching a new high level in the last few weeks. Going from record-lows to record-highs has led forward contracts to almost double in price over the past year. Day-ahead gas contracts have risen more sharply, going from £0.12 per therm to over £0.90 per therm in 15 months. UK petrol prices have hit their highest level on record in a blow to hard-hit households and small businesses and could rise further in the coming weeks as the global energy crisis drives oil markets to a three-year high.
The average daily price for a litre reached 142.94p on Sunday, in what was described as a “truly dark day for drivers”, surpassing the all-time record 142.48p reached on 16 April 2012, according to data from the RAC/Experian.
The good news - You can help. The recent issue of access to petrol and diesel also led to a whopping 1600% increase in people looking to switch over to electric vehicles. We therefore envisage an increase in requests for installations of EV chargepoints (EVCP).
Create a customer checklist of suggestions you can advise the customer, many common sense but could help you save money in the long run:
Lighting
Changing to energy Efficient
Switching off lights when not in use
Changing PIRs
Maximise Daylight
Diming systems
Heating
Adjusting thermostats
switching off unused rooms
Programmable systems
Device Management
Switching off plugs at the wall
Setting appliances to energy-saving modes
Control timers
Change desktops to Laptops
Energy Sources
Solar PV
Heat Pumps
Wind Turbines
Combined Heating and Power (CHP)
Electrical Energy Storage
EV Cars
The list can be endless but a few examples of simple things you can do to help in your own household or a checklist to help clients become more energy efficient. Sources: https://www.theguardian.com/money/2021/oct/25/uk-petrol-prices-record-highs-oil-market-diesel https://www.ecatoday.co.uk/blog/1718/How-the-electrotechnical-contractor-can-help-clien
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