subject: Energy Price Rises May Not Be Enough [print this page] It was yesterday announced by energy regulator Ofgem that energy bills would rise by an average of 20 pounds by 2021 due to the need to improve network infrastructure over the next few years. This will have come as a big blow to thousands of homeowners, particularly those already finding it hard to afford their energy bills and living in fuel poverty.
But the National Grid claims that the price rises do not go far enough and will fail to cover the cost of the essential improvements required. They say that the 22 billion pounds that Ofgem has proposed falls short of the necessary amount needed to carry out the work properly by around 20 per cent.
Though the maintenance will result in the creation of thousands of new jobs, it will have a major impact on the cost of energy bills and with Ofgems announcement only so far being a proposal, bills may rise further once the opinions of the National Grid have been taken into consideration.
It really is up in the air at the moment as to what is going to happen but it pays to be prepared for any potential future rises. This means getting your home in order and investing in any improvements that are proven to drive down the cost of energy and keep it as affordable as possible.
Energy efficient measures such as double glazing or triple glazing are a luxury that no-one can afford to be without nowadays as replacement windows are a guaranteed way of keeping heat in the home and ensuring that not a single bit of it is wasted. Less energy wastage results in lower bills, which also results in a more environmentally-friendly property.
Windows should be one of the first places you target as old ageing windows are poor when it comes to insulation and one of the reasons why many people are hopeful that energy price rises are kept to a minimum. Then pay attention to the doors of your home and make sure that no draughts are able to force their way into your hallway. If they are then you know it is time to get them changed.
Once the details have been finalised as to how much energy bills will rise, you will have the peace of mind of knowing that your property is as well equipped to deal with them as it can be.
