Battling Rising Energy Costs: How Solar Power Offers a Sustainable Solution

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27th Aug 2024

The past decade has seen a steady rise in UK energy prices, with sharp spikes in 2021 and 2022.

This trend is projected to continue, with experts predicting further increases in 2025.

A History of Rising Costs

Since 2010, energy prices have been on an upward trajectory. The situation escalated in 2021 due to global gas supply shortages, exacerbated by the Russia-Ukraine war. The conflict disrupted gas supplies to Europe, leading to a significant increase in wholesale gas prices and, consequently, the energy price cap.

Ricing energy costs in pence per kWh – from 2010 to 2025

The Price Cap Today

Between 1st July and 30th September 2024, gas prices have been capped at 5.48p per kilowatt hour (kWh) and electricity at 22.36p per kWh. This meant the average annual energy bill for a typical household paying by Direct Debit is now £1,568. However, this is set to change imminently.

The Future Forecast

Predictions for 2025 paint a less optimistic picture. Experts at the leading energy consultancy Cornwall Insight, forecast a rise in the price cap, potentially pushing the average annual energy bill to £1,714.

With global energy demands rising and the continuation of hostilities in between Russia and Ukraine, the future price of energy remains unlikely to fall. But there are ways we can reduce the energy we draw from the grid.

A Solar Powered Solution:

Solar panels and battery storage now offer a practical, affordable and sustainable way to reduce your energy costs.

By harnessing the sun’s energy, you can generate electricity for your home for FREE after installation costs, reducing your reliance on the grid.

Best of all, this lowers your energy bills while also contributing to a cleaner environment.

If you already have solar panels and battery storage installed, you may want to consider if it’s worthwhile to increase your system’s capacity.

The Little Green Energy Company has years of experience helping homeowners create the perfect solar system to lower their energy bills for years to come.

And now with Hometree Finance, you can spread the cost with no upfront payment and cut your bills from day one.

“It’s an absolute win-win because we’re saving about 40% a year.”

Sarah and her husband Andrew decided to invest in solar panels and battery storage for their home in Cranbrook.

Not only are they saving around 40% on their energy bills, they’re saving 364kg of CO2 every year, which is the equivalent to planting 17 trees annually.

Get in Touch to Find Out How Much You Can Save

The Little Green Energy Company understands that every home is different and so every energy solution must be different too.

To find out how much you can save and to learn more about our residential solar panel design and installation process, contact us today.