Business and Financial News

Boosting energy efficiency to combat rising bills What will you do to fight the rising cost of energy?

In the past, energy efficiency was perhaps seen as something for those on a crusade to save the environment, but that had little relevance to the average homeowner.However, a series of significant price increases and high energy bills brought on by successive cold winters mean this is certainly no longer the case.Increasing energy efficiency is now being seen as a relatively cheap way for homeowners to slash their energy usage and deal with the price increases which have already taken place, as well as those which are yet to come.Speaking to the Energy and Climate Change Committee recently, Ian Peters, chief operating officer of British Gas, said there is a likelihood that the energy supplier will be required to put up its prices in the coming weeks – although he could not definitively say when.”Unless there is a fundamental shift in the way the commodity markets are going to play out in the next few weeks then, on the balance of probability, we will reluctantly put the price up,” he told the group of MPs.This isn’t the first time Centrica, which owns British Gas, has hinted a price rise could be on the horizon, with chairman Sir Roger Carr saying it was pretty much inevitable after Scottish Power announced it was increasing its prices.Understandably, rising energy prices at a time when inflation is on the up and household incomes are stretched are a concern for consumers. B

Full Article…