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Might Octopus Surpass British Gas as Britain’s Leading Energy Provider?

 

You’d be forgiven for thinking the energy market had at last turned a corner.

Ofgem’s price cap dropped at the beginning of the month, wholesale prices have begun to stabilise somewhat, and we’ve seen a quiet comeback of the fixed price tariff.

This might seem reminiscent of a more ‘usual’ market, but it’s one that has undergone fundamental change and is very much shaped by the energy crisis.

After so many suppliers went under two years ago, the big traditional providers have regained dominance, and focus has shifted to what they’re genuinely offering to customers.

Whilst wholesale prices have trended downwards, they remain significantly higher than pre-crisis and pre-pandemic levels, and this isn’t expected to change in the near future.

This means suppliers are now navigating uncharted waters: price isn’t the sole deciding factor anymore, and customers are expecting more from their providers.

Moreover, the previously fledgeling Octopus Energy has made a significant impact on the market, and the recent acquisition of Shell Energy customers could further disrupt the market as it contends for the leading position.

We explore why customers might find it challenging to secure affordable deals on both variable and fixed tariffs, where suppliers may seek to compete next, and the possibility of Octopus securing the top position.

 

How the Big 6 Regained Their Hold on the Energy Market

Two years back, Britain boasted 44 active domestic energy suppliers, a decrease from the 70-strong peak in 2018. Today, that number stands at merely 20.

An influx of smaller suppliers once meant consumers enjoyed reduced rates as they sought out the best deals, sidestepping the elevated costs that regular non-switchers faced.

However, the surge in wholesale energy prices in 2021 caught many off guard. Among them was Bulb Energy, with its sizeable clientele of 1.5 million. Sadly, their success became their undoing.

Martin Young, a utilities equity analyst at Investec, remarked, “There was a distinct push, both politically and by Ofgem, to view competition as the hallmark of success. It seemed to be about competition for the sake of it. The rates some were offering were clearly untenable.”

He further added, “You don’t need more than 70 suppliers to foster a competitive market, a fact made evident by the numerous collapses.”

A reduction in suppliers typically dampens competition. Now, with their hands tied due to elevated wholesale prices, the competitive deals of yesteryears are nowhere in sight.

Furthermore, many customers, previously aligned with smaller providers that folded, found themselves moved to Ofgem’s ‘supplier of last resort’ scheme, inadvertently expanding the customer base of the larger suppliers.

This widespread collapse prompted Ofgem to re-evaluate and strengthen the financial prerequisites for energy suppliers, thereby raising the entry and ongoing operational thresholds. According to Young, this is a prime factor behind the scarcity of competitive deals today.

The industry’s reshuffling left in its wake a cluster of ‘pragmatic’ suppliers, less likely to venture into the realm of unviable pricing.

 

Why Aren’t Fixed Price Tariffs More Competitive?

Following the decline in the October price cap, suppliers have discreetly rolled out fixed tariffs for their clientele. However, a glance at these offerings reveals that few are competitively positioned against the price cap, though they mark a step forward.

The majority of these tariffs hover slightly below or above the cap, making them redundant for those who aren’t seeking payment predictability in the coming months.

No Shift in Standing Tariffs

Standing charges – a consistent fee regardless of energy consumption – are anticipated to rise in the forthcoming months, drawing increased attention.

To truly foster competition, suppliers need to challenge the pricing of major players in the sector, opines Angharad Carrick. Yet, experts are sceptical about such a shift, noting the current trend seems to favour suppliers.

Ofgem has hinted at a provisional £17 bill hike to ‘safeguard the energy sector’. Reducing standing charges would impact suppliers’ profit margins, which might be questionable to consumers, especially in light of some suppliers’ impressive recent profits.

With wholesale prices descending as these tariffs came into play, why don’t they offer better value?

If you concur with Cornwall Insight’s energy specialists, who predict a price surge in January, these tariffs might be appealing. Their perceived non-competitiveness stems from market fluctuations, supplier strategies, and the energy price cap’s computation process.

With the price cap updated quarterly instead of biannually, Young believes it’s now more reflective of the prevailing market. “During the wholesale price surge, the cap was the most affordable option. Hence, many chose the cap at the end of their fixed deals,” he explained. “Due to the regular cap revisions, we’re unlikely to see huge deviations in fixed tariffs from the cap.”

Given the sustained elevated wholesale prices post-crisis, suppliers’ pricing flexibility is limited. Moreover, with a reduced number of emerging suppliers challenging the market, a significant departure from the price cap is improbable.

Energy specialist Gareth Kloet, associated with GoCompare, conveyed: “We don’t dictate that pricing. If energy’s future gets murkier, prices might soar. The regulator holds the cap, but their actions reflect market dynamics.”

 

Is Octopus Poised to Be Britain’s Premier Supplier?

While pricing competition may be stifled, suppliers aren’t about to halt their ambitions to expand their customer base.

Notably, Octopus Energy’s recent purchase of Shell Energy, following its acquisition of Bulb Energy, has made waves in the industry. With the Shell Energy deal and its 1.5 million customers, Octopus is close on the heels of British Gas for the title of the UK’s leading energy provider.

Gareth Kloet, energy expert at GoCompare, remarked, “Octopus has truly emerged as a formidable contender. If they manage to woo half a million British Gas customers, the market competition, especially between these giants, will intensify.”

According to Kloet, if he helmed British Gas, he’d be strategizing to retain their leadership. “Currently, British Gas’s strategy seems limited to reflecting the price cap. While Octopus might be preoccupied with customer transitions from Shell in the short term, there’s no doubt they have their sights set on the top spot.”

Considering the limitations on price adjustments due to the energy price cap and elevated wholesale prices, suppliers might differentiate themselves through customer service and diverse tariff options.

Young believes the rise of electric vehicles and solar panel setups presents an opportunity. Suppliers could focus on crafting innovative tariffs tailored to these sectors. “With the surge in EVs comes the demand for charging stations. Consumers with home chargers would prefer innovative tariff plans to benefit from cost-effective charging times,” Young stated.

Kloet adds that the provision of bundled services, like boiler coverage, might emerge as a way for suppliers to offer value beyond just energy, enhancing customer loyalty.

Recent Ofgem data indicates that, despite soaring prices, consumers are actively switching providers. In July 2023, switches increased by 18% from the previous month, marking a staggering 96% rise from July 2022. Although this is still 62% below figures from two years prior, the onset of colder months and the reintroduction of fixed-price tariffs might nudge more individuals to reconsider their choices.

Young opined, “A combination of pioneering tariffs and top-tier customer service will instigate change. The audience for this is expanding, and competition will thrive, albeit in a manner distinct from the traditional price-based rivalry.”

While consumers might not see a flurry of discounted deals this winter, the energy market’s temperature is undoubtedly rising.

How Solar Batteries Work and Why Your Home Needs One

By Save Energy UK

The ever-evolving domain of solar energy is reshaping how we think about power generation, particularly in domestic households across the UK. Solar power alone is a remarkable feat, but when combined with solar batteries, we are ushering in a new era of energy independence. If you’ve ever pondered upon the intricacies of how these batteries function or contemplated their addition to your household, this piece is tailored for you. Let’s explore how solar batteries work and delve into why every home in the UK would benefit from one.

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How Solar Batteries Work

Solar batteries, at their core, store the energy produced by your solar panels. Here’s a simple breakdown:

  1. Energy Collection: Solar panels on your rooftop harvest energy from the sun and convert it into Direct Current (DC) electricity.
  2. Inversion: This DC electricity is converted into Alternating Current (AC) through an inverter, making it compatible with home appliances.
  3. Storage: Instead of sending this electricity directly to your devices or back to the grid, solar panel battery storage systems can store this energy. This allows you to utilise it later, especially during the evening or on cloudy days.

Solar Battery UK Context

It’s essential to understand the significance of solar battery storage in the UK context. Given our unique climate, which can often be cloud-covered and dreary, one might wonder: do solar panels work in winter UK? The answer is yes, albeit with reduced efficiency. This is where solar batteries prove crucial. They ensure you have a consistent power supply even during periods when sunlight is scarce.

Cost-Efficiency

The solar panel battery storage cost UK homeowners might initially find daunting. Still, it’s an investment that pays off in the long run. Energy storage means less reliance on the grid, which can lead to significant savings on your electric bill.

Energy Independence

With battery storage installation, you are less dependent on external energy providers. This not only reduces your carbon footprint but also ensures uninterrupted power even during outages.

Commercial Benefits

For those venturing into commercial solar energy, integrating a storage solution means better energy management. Companies like Save Energy UK also cater to commercial solar panel installers UK-wide, ensuring businesses too can harness the power of the sun efficiently.

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Challenges to Consider

While the merits are aplenty, it’s essential to navigate the potential challenges:

  1. Initial Costs: As mentioned, the solar panel battery storage cost UK-wide can be a significant initial investment. However, with schemes, grants, and long-term savings, it becomes an affordable venture.
  2. Maintenance: Like any technology, solar batteries require periodic checks. Opting for reliable solar power installers, such as Save Energy UK, ensures that you get the best after-sales service.
  3. Space: Domestic solar installation, including the addition of batteries, demands space. It’s vital to have an assessment to ensure your home can accommodate these installations without compromising aesthetics or functionality.

Final Thoughts

Whether you reside in bustling London or the serene landscapes of Christchurch (yes, solar panels Christchurch residents, this includes you!), solar energy paired with efficient storage is the future. As advocates of a green revolution, it’s time for us to embrace technologies that not only benefit our pockets but also the planet.

At Save Energy UK, we pride ourselves in offering top-tier solutions from the installation of solar panels to integrating robust solar batteries. If you’re ready to make the transition, remember, opting for professionals ensures you maximise the benefits of this remarkable technology. Reach out to us, and let’s illuminate your home with the power of the sun.

Preparing Your Solar Panels for the UK Winter

Solar Energy

The UK winter is renowned for its chilly spells and shortened daylight hours. This can pose concerns for those who rely on solar energy, leading many to ponder the quintessential question: do solar panels work in winter in the UK? The answer, in short, is a resounding ‘yes’. However, your solar panels can work and thrive during the frosty season with the right preparation.

This blog post’ll guide you through the essential steps to ensure your solar panels are winter-ready. Let’s delve into the world of solar energy during the colder months.

 

The Myths and Realities of Solar Panels in Winter

First, let’s address a common misconception. Many think that solar panels are solely reliant on scorching summer days. In reality, solar panels convert light, not heat, into energy. This means they can function even on overcast days. In some cases, the cool temperatures of winter can even enhance their efficiency!

Ensuring Uninterrupted Energy Supply

One of the game-changers in solar technology has been the introduction of solar battery storage. Particularly in the UK, where daylight hours can be limited during winter, having a solar panel battery storage system is crucial.

The solar panel battery storage cost UK homeowners might consider is a worthy investment. By storing excess energy produced on sunnier days, this system ensures you have a reliable power supply even when the sun isn’t shining as brightly. Moreover, for those considering commercial solar energy, solar panel battery storage UK options are increasingly scalable, catering to businesses of all sizes.

Exploring Commercial Solutions

With the growing prominence of green initiatives, many businesses in the UK are switching to solar energy. Commercial solar panel installers UK-based have seen a surge in demand. From small enterprises to large corporations, solar solutions are proving to be both eco-friendly and cost-effective. Commercial solar energy is no longer just a trend but an essential aspect of sustainable business operations.

Solar Panels with Battery Storage

Pairing solar panels with battery storage UK systems guarantees an uninterrupted power supply. This combination ensures that homes and businesses can store excess energy for use during times when solar generation is lower.

While the initial installation might come with costs, the long-term savings and reduction in energy bills make it a smart decision. Not to mention, with the uncertainties around energy prices, having your own renewable source of power provides a sense of security.

Domestic Solar Installation

Domestic solar installation is becoming increasingly popular in the UK. Homeowners are recognising the benefits of producing their own energy, from significant savings to reducing their carbon footprint. The process of solar panels UK installation has also become more streamlined and accessible, thanks to experienced solar power installers who can guide homeowners through the entire process.

Opting for Local Expertise

If you’re based in the south of England, finding local expertise is crucial. For instance, those in Dorset might look for solar panels Christchurch specialists to ensure a seamless installation process tailored to local conditions.

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Maintenance Tips for Winter

While installing solar panels UK-wide has become more common, maintaining them, especially in winter, is crucial. Here are some tips to consider:

  • Regularly Inspect: Check for debris, snow, or ice. While panels are designed to withstand the weight of snow, clearing them ensures they receive maximum sunlight.
  • Angle Adjustment: The winter sun sits lower in the sky. Adjusting the angle of your panels can help in capturing more light.
  • Monitor System Performance: Using monitoring tools, keep an eye on your system’s performance to detect any anomalies.
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Conclusion

In conclusion, preparing your solar panels for winter is an essential step for any homeowner or business in the UK. From understanding the efficiency of panels during the colder months to investing in solar panel battery storage, ensuring uninterrupted energy supply is crucial. Whether you’re considering domestic solar installation or seeking commercial solutions, the UK market is equipped with a plethora of options tailored to your needs.

Remember, winter doesn’t mean the end of solar energy production; it just requires a little more preparation! So, embrace the power of the sun, even during the UK’s coldest months, and ensure your panels are winter-ready.

Renewable Energy Reaches Unprecedented Levels

In Europe, the third quarter saw a historic surge in renewable energy production, with wind and solar energy leading the charge, as revealed in a recent report.

European Renewable Energy Achieves Record High in Q3, EnAppSys Report Reveals

Europe’s renewable energy generation soared to an all-time high in the third quarter, as indicated by a detailed analysis from energy data specialist, EnAppSys.

The study, which focused on the European electricity market trends from July 1 to September 30, showed that renewable energy output during this timeframe rose by 12% in comparison to Q3 2022. A remarkable surge in wind power, reaching 95TWh — up from 84TWh in the same period the prior year — was a key contributor.

Interestingly, the report underscored a consistent dip in wholesale prices. This was predominantly influenced by a combination of reduced gas costs, abundant wind energy, and a decrease in electricity consumption. There were instances of negative pricing, particularly earlier in the quarter.

While electricity prices maintained relative stability from July onward, there was a noticeable price hike towards the end of August. This was attributed to a spike in gas prices due to a strike announcement by Australian LNG workers.

Another point of note was the continuing downtrend in Europe’s total power consumption since Q1 2023, which was 7% lower in Q3 2023 compared to the same period in 2022.

Gas-powered generation experienced a significant drop, plummeting 27% to 103TWh, marking its most subdued performance in recent times. Nuclear power saw a modest uptick from Q3 2022, whereas coal and lignite generation took a substantial hit, dropping roughly 38% relative to the same timeframe.

The Role of Solar Energy in the UK’s Net Zero Targets

Introduction

In recent years, the United Kingdom has made significant strides towards achieving its ambitious net-zero emissions target by 2050. One of the most promising contributors to this goal is solar energy. The UK is fortunate to have access to an abundant source of renewable energy from the sun, and this natural resource has the potential to play a pivotal role in reducing carbon emissions and transitioning to a sustainable future. In this blog post, we will explore the critical role of solar energy in the UK’s net-zero targets, focusing on various aspects such as commercial solar energy, solar battery storage, solar panel installations, and the feasibility of solar panels during the winter months.

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Commercial Solar Energy

Commercial solar energy systems have played a significant role in the UK’s renewable energy landscape. Many businesses have recognized the economic and environmental benefits of harnessing solar power to meet their energy needs. By installing solar panels on commercial properties, companies can reduce their reliance on fossil fuels, lower their energy bills, and demonstrate their commitment to sustainability.

Commercial solar panel installers in the UK have been instrumental in facilitating this transition. These professionals specialise in designing and installing solar energy systems tailored to the specific needs and energy consumption patterns of businesses. Through their expertise, commercial solar installations have become more efficient and cost-effective, making them an attractive option for enterprises of all sizes.

The Rise of Solar Energy in the UK

The UK’s transition to a greener and more sustainable energy future has been marked by the rapid growth of solar energy installations. Over the past decade, solar panels have become a familiar sight on both residential and commercial rooftops. This growth can be attributed to several factors, including government incentives, technological advancements, and an increasing awareness of the need to reduce carbon emissions.

Solar Battery Storage in the UK

One of the challenges associated with solar energy is its intermittency. Solar panels generate electricity when the sun is shining, but energy production decreases during cloudy days and at night. To address this issue, solar battery storage systems have gained popularity in the UK.

Solar battery storage allows excess energy generated by solar panels to be stored for later use. This technology is crucial for ensuring a continuous and reliable power supply, even when the sun is not shining. Solar battery storage in the UK has become an essential component of many solar installations, both residential and commercial.

Solar panels with battery storage offer several advantages:

  1. Energy Independence: Solar battery systems provide greater energy independence by reducing reliance on the grid and fossil fuels.
  2. Peak Demand Management: Stored energy can be used during peak demand periods, reducing electricity costs.
  3. Backup Power: Solar battery systems can provide backup power during grid outages, enhancing the resilience of homes and businesses.
  4. Grid Support: Solar batteries can also support the grid by providing excess energy during times of high demand.

Domestic Solar Installation

The adoption of solar panels in residential settings has been a driving force behind the UK’s transition to clean energy. Domestic solar installations have allowed homeowners to generate their electricity and contribute to the reduction of carbon emissions. Installing solar panels on rooftops not only lowers energy bills but also increases the value of properties.

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Do Solar Panels Work in Winter in the UK?

One common concern regarding solar panels in the UK is their performance during the winter months when daylight hours are shorter, and weather conditions are less favorable. However, it is essential to dispel the myth that solar panels are ineffective in winter.

Solar panels continue to generate electricity during the winter months, albeit at a slightly lower efficiency compared to the sunnier seasons. Modern solar panels are designed to capture diffuse light and can still produce electricity on cloudy days. Additionally, the angle and orientation of the panels can be adjusted to optimise energy generation during the winter months.

While snowfall can temporarily obstruct solar panels, they are typically installed at an angle that encourages snow to slide off. Moreover, as soon as the snow cover melts or is cleared, the panels will resume generating electricity.

Anticipated Increase in Energy Bills to £1,996 by January

Cornwall Insight, a leading consultancy group, has forecasted a potential rise in energy bills to £1,996 within the price cap determined by Ofgem, the UK’s energy oversight body.

This cap delineates the highest rate suppliers can impose on consumers per energy unit consumed.

The main driver behind this predicted surge in January is attributed to the escalating wholesale energy costs. Interestingly, this increase follows an anticipated dip in energy bills for countless consumers starting 1st October, with the revised price cap. As of October, a standard dual-fuel household’s yearly expenditure will be £1,923 until the year’s end. This reflects a decrease from the earlier £2,074 for the preceding quarter. Despite this, the absence of certain governmental aid from last winter means bills remain significantly steeper than those of 2021.

Regarding the January prediction, Cornwall Insight anticipates a return to bills nearing the £2,000 mark. Dr. Craig Lowrey, a senior consultant at Cornwall, expressed his concern over the stalling trend of declining energy bills over the previous year, noting it as unsurprising. “Despite the minor increase, it’s an indicator that we cannot simply expect a continuous drop in prices, hoping they’ll revert to pre-COVID rates,” he commented. He further emphasized the urgency of strategies to address the potential normalisation of elevated energy costs.

While the government refrains from speculating on energy costs, it maintains a watchful eye on pricing trends and constantly evaluates its support initiatives. Notably, the relaxation of COVID-19 restrictions coupled with geopolitical events like Russia’s intrusion into Ukraine have intensified the wholesale energy prices. This, in turn, has influenced the surge in bills. Ofgem remains committed to determining the ceiling price that energy providers can levy on their customers for both gas and electricity consumption.

Households in England, Wales, and Scotland that are on variable or standard tariffs are subject to this arrangement. However, the exact amount that customers will pay fluctuates based on their gas and electricity consumption.

Last year, to cushion residents of England, Wales, and Scotland from soaring bills, the government rolled out a £400 rebate for each household. This initiative has since concluded.

Yet, certain demographics, especially those facing challenges in settling their bills, are slated to receive supplementary support via cost-of-living allowances.

Understanding the Energy Cap and Bill Fluctuations Dr. Lowrey emphasized that a universal solution wouldn’t suffice to address the challenges of consistently high energy prices. He pointed out the government’s arsenal of both immediate and intermediate remedies, like specific assistance through social tariffs or promoting energy conservation, which could alleviate pressure on at-risk households.

Nonetheless, he cautioned, “It’s vital to recognise that such aid won’t negate the impact of an unpredictable global energy market on our bills.” He further elaborated, “The real mitigation comes from our shift away from fossil fuels, moving towards reliable and green local energy. This will diminish our vulnerability to global triggers and eventually balance our energy costs.”

A collective of 140 entities, including organisations and MPs, have urged the government to ponder over the introduction of a social tariff to aid in settling energy bills this upcoming winter. In their letter addressed to Prime Minister Rishi Sunak, they highlighted the looming dilemma many face – the stark choice “between warmth and sustenance.”

A representative from the Department for Energy and Net Zero commented that the anticipated relaxation in energy prices from October would ease “the financial strain on diligent families.” They added, “The previous winter saw the government extending unparalleled assistance to households, deploying roughly £40 billion to defray about half of an average household’s energy expenditure. We remain committed to supporting families, with the Energy Price Guarantee extended till April 2024. Additionally, aid for the most susceptible continues through the Warm Homes Discount.”

Solar Panels vs. Traditional Energy Sources

The Dawn of a Greener UK

In recent years, there’s been a noticeable paradigm shift in how the UK perceives energy. The race to reduce our carbon footprint and transition to more sustainable forms of energy has never been more imperative. At the forefront of this revolution are solar panels. But how do solar panels compare to traditional energy sources, and why should UK residents consider switching? In this blog, we’ll be delving into the world of solar panels, and why companies like Save Energy UK are pushing for a cleaner, greener Britain.

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The Sunny Side of Solar Panels

Efficient and Sustainable

The primary source of energy for solar panels is the sun—a resource that’s abundant and inexhaustible. The sun beams more energy onto Earth in one hour than the entire world uses in a whole year. By harnessing this power, solar panels offer an efficient and sustainable way to generate electricity.

Cost-Effective in the Long Run

While the initial solar panels UK installation might seem pricey, it’s an investment that pays for itself over time. Traditional energy sources often come with fluctuating costs, subject to international crises, wars, and global market shifts. Solar energy, on the other hand, has negligible running costs. Once the solar panel installation near you is complete, there are minimal maintenance costs, leading to substantial savings in the long run.

Solar Storage Solutions

One of the more recent innovations that boost the feasibility of solar panels is the solar battery UK market. These solar storage batteries ensure that excess energy generated during sunny days is stored for use during overcast days or night time. No more relying solely on the grid during the UK’s unpredictable weather days.

Grants and Incentives

The UK government recognises the importance of renewable energy. As a result, there are numerous grants and incentives available for those looking to install solar panels. These incentives further reduce the overall costs, making solar panels an even more attractive proposition.

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The Downsides of Traditional Energy Sources

Environmental Concerns

The environmental concerns of traditional energy sources are well-documented. Burning fossil fuels releases carbon dioxide, a primary greenhouse gas responsible for global warming. In contrast, solar panels produce clean energy, emitting no greenhouse gases once installed. By opting for a solar panel installation near you, not only are you saving money, but you’re also contributing significantly to a reduction in harmful emissions.

In Conclusion

The debate between solar panels and traditional energy sources is becoming less of a contest and more of a clear path forward. Solar energy, with its plethora of benefits ranging from cost savings to environmental conservation, stands out as the energy source of the future.

So, the next time you find yourself contemplating your energy options, remember that a greener, more sustainable future is just a search away. Whether you’re interested in a solar battery UK solution, or just keen to explore solar storage battery options, companies like Save Energy UK are here to guide you. Together, we can usher in a brighter, more sustainable future. Save energy, save the planet.

Energy supplier releases details on the UK’s cheapest fixed tariff

Utility Warehouse introduces the ‘Fixed Saver 7’ energy plan, presenting customers with the opportunity to secure their energy costs at £1,775 until November 2024, which is £59 less than the current October price cap, making it the most affordable fixed energy tariff in the UK.

Utility Warehouse (UW) has introduced a comprehensive three-service tariff called ‘Fixed Saver 7,’ assuring customers that their energy bills will remain steady at £1,775 until November 2024. This offer notably comes in at £59 below the current October price cap.

To access this offer, customers are required to choose energy and switch at least two of their existing mobile, broadband, or insurance services to UW. Furthermore, new customers who subscribe to a UW bundle through a UW Partner can enjoy an extra £50 reduction on their UW utility bill, according to the company.

For those who prefer flexibility, UW provides the ‘Fixed 7’ tariff, allowing customers to lock in their energy costs at £1,900 until November 2024 with the requirement of choosing energy and just one other service from UW.

Claiming the title of the UK’s most affordable open market fixed energy tariff, the ‘Fixed Saver 7’ tariff outperforms the price cap projected for January.

Stuart Burnett, Co-Chief Executive Officer of Utility Warehouse, commented, “Despite the price cap decreasing, we recognize that energy costs remain volatile, and there are expectations of a price cap increase in January.”

Rooftop Solar Power in the UK is at an all time high

New data reveals that the UK has achieved a remarkable surge in rooftop solar power installations in 2023, surpassing the total installations for the entire preceding year, setting new records in solar energy uptake.

In 2023, the United Kingdom has witnessed a substantial surge in rooftop solar power installations, surpassing the total installations for the entire year of 2022, as per data from MCS (Microgeneration Certification Scheme).

The statistics reveal that a total of 138,336 solar photovoltaic installations have been registered since December, slightly surpassing the 137,926 recorded during the previous year. These statistics specifically pertain to installations with a capacity of 50kW and below, typically found on residential buildings, schools, and small businesses. A typical domestic installation usually boasts a capacity of around 4kW.

The current trajectory suggests that the UK may exceed the all-time installation record of 203,120, established during the peak of the Feed-in Tariffs regime in 2011. This government scheme was discontinued at the end of 2019, with the rationale that it had effectively achieved its goal of reducing photovoltaic energy costs.

The rapid growth in solar installations is underscored by the fact that over half of the capacity installed over the past four and a half years has been added in the last 13 months.

Ian Rippin, Chief Executive of MCS, remarked, “Small-scale solar provides home and business owners with energy independence and security against ever-increasing electricity costs. There is still more work to be done to make the transition to low carbon technology even easier for UK consumers, but 2023 is already the most successful year in our history for solar installations on the roofs of homes and businesses.”

Chris Hewett, Chief Executive of Solar Energy UK, stated, “The reasons behind the extraordinary pace of rooftop solar deployment are simple. Power from the grid remains expensive, whereas solar is cheap, paying back in a handful of years in most circumstances. It’s one of the best investments that home and small business owners can make. Coupled with growing concern over climate change and record temperatures around the world, it’s no wonder that so many people have taken the plunge to decarbonize.”

The Benefits of Energy-Saving Installations for UK Homes

UK Homeowners

The United Kingdom is embarking on a transformative journey towards sustainable living. At the forefront of this change are energy-saving installations. A major player in the industry, Save Energy UK, sheds light on how UK homeowners can benefit from these revolutionary systems. In this article, we explore the myriad advantages of energy-saving installations, specifically the solar panels that are quickly becoming a staple in homes across Bournemouth and the rest of the country.

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Cost-Efficiency in the Long Run

There’s an adage: “You have to spend money to save money.” The initial investment in solar panels may appear significant, but when you break down the numbers, the savings are substantial. With the ever-rising energy costs in the UK, having a solar panel installation can drastically reduce electricity bills. Over time, as you generate your own power, the cost per unit becomes far less than what energy providers charge.

Boost to Property Value

Properties that have energy-saving installations, particularly solar panels, tend to have a higher market value. With the growing demand for sustainable homes in areas such as Bournemouth, houses with solar installations are a prime catch. Potential buyers appreciate the fact that these homes offer long-term energy savings. Furthermore, a solar installer from Save Energy UK ensures a professional set-up, further elevating the property’s appeal.

Reducing Carbon Footprint

One of the most compelling reasons for many homeowners to switch to solar panels in Bournemouth and across the UK is the environmental impact. Solar panels produce clean, green energy, significantly reducing greenhouse gas emissions. For every household that opts for solar energy, we move one step closer to a greener, more sustainable planet.

Independence from Grid Fluctuations

The energy grid is prone to fluctuations and outages. However, with solar batteries, UK homes can store excess energy generated during sunny days. This stored energy acts as a backup during cloudy days or peak consumption hours, ensuring an uninterrupted power supply. The combination of solar panels and solar batteries provides homeowners a certain level of energy independence.

Government Incentives

The UK government recognises the importance of renewable energy sources and offers various incentives and schemes. Homeowners who invest in solar panel installations and other energy-saving services can avail of tax rebates, grants, and feed-in tariffs. These incentives significantly offset the initial installation costs, making it even more appealing for homeowners.

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Technology Advancements

The solar technology landscape is continually evolving. Companies like Save Energy UK are at the forefront, bringing in state-of-the-art solar panels and batteries to the market. These technological advancements ensure better energy capture, more efficient storage, and overall improved energy-saving services for UK households.

The UK is embarking on a transformative journey towards sustainable living. At the forefront of this change are energy-saving installations.