British utility price could rise by as much as 60% during the next 10-15 years according to the “Energy Market Scenarios” report produced by the Office of gas and electricity markets (Ofgem) a UK government regulator.
This story could be from any nation as every region has the same problems an we all need to be more energy efficient.
The report highlights the problem of being able to supply the needed power, and many countries face that problem currently. The challenges we face can be reduced by energy efficiency.
Ofgem report that, just in the UK, investment of over £200bn is needed in power-plants plus other energy infrastructures during the next 10-15 years to be able to avoid energy shortages and meet climate change targets. Consistencies of supply and energy security form two major concerns.
Many countries have to import energy, gas and electricity, meaning energy and gas supply is dependent on other government’s readiness and stability to keep the current flowing. This means that supply disruption across the world affects energy costs.
Ofgem’s report also highlighted that energy suppliers face a twofold challenge of renewing or replacing old power-stations, while also deal with increasing volatility in worldwide gas markets, hence they would likely be forced to raise bills to meet future supply demands and carbon goals.
We can have an impact on this right away by becoming more energy efficient. Energy efficiency reduces demand, easing the urgency for new power production plants, allowing more consistent supply while reducing green house gas emissions.
Energy efficient products and tools are also far cheaper than constructing more power-plants, also allowing retrofit of energy inefficient older buildings.
It is important that we start to use smart meters with visual displays to help us to see what we are doing, why we are doing it and what we are achieving.
In commerce and industry something more is needed, an advance meter like Enigin’s Eniscope which takes report energy data a step up from regular smart metering. The Eniscope allows very precise decision making, knowledge is power in this case. Decisions can be made by business owners based on what real-time and historical data. What to do and where energy efficiency steps can be made to reduce escalating energy bills.
If you can see what is going on then you can measure it and make accurate changes for the good. Commerce and industry can make solid financial decisions to help to increase or protect the bottom line and reach environmental targets.
It seems whatever we do energy prices will go up, but we can do something by becoming energy efficient and, although energy prices will rise, we will be able to lessen our energy costs, leading to a secure future energy-wise and a environmentally.
British utility prices could rise by as much as 60% during the next 10-15 years according to the “Energy Market Scenarios” report produced by the Office of gas and electricity markets (Ofgem) a UK government regulator.
This story could be from any nation as every region has the same problems an we all need to be more energy efficient.
The report highlights the problem of being able to supply the needed power, and many countries face that problem currently. The challenges we face can be reduced by energy efficiency.
» Read more: 60% Energy Price Increase
The Sydney Morning Herald carried a great report about a new Australian government report that undermines the view that industry will be detrimentally affected by carbon emission targets.
A New York State board has recommended an energy plan to make energy more affordable, particularly through energy efficiency.
Let’s get straight -doing your part in using less energy is like having your own power generation plant right in your home or business.
The UK newspaper the 
A great article has appeared in 
Reuters London – Global revenues from climate-related businesses such as energy efficiency rose by 75 percent in 2008 to $530 billion and could exceed $2 trillion by 2020, HSBC Global Research estimated on Friday.