I haven’t really taken time to break down what this means because for a long time I didn’t feel its effects directly. Now that I’m budgeting, I have to do some reflection.
The root cause of these price hikes lies in the volatility of international energy markets. Factors such as EU gas storage levels, uncertainties surrounding gas transit deals, and potential changes in global LNG flows are contributing to unprecedented market instability. As a result, UK households are facing the prospect of paying significantly more for their energy needs.
In light of these challenges, portable solar energy solutions are gaining traction as a viable alternative. This is good for me because I work for a portable solar energy kit retailer.
If you use portable power you get:
Energy Independence
Cost Savings
Environmental Benefits
Flexibility
Technological Advancements
As both the cost of energy and my age rise, I’m more responsible for my livelihood. I am considering exploring alternative energy sources like portable solar. While not a complete solution to the complex energy crisis, these systems will offer me a practical step towards greater energy independence and sustainability.
References
BBC News. (2025). Energy bills set to rise as price cap increases. Available at: (https://www.bbc.co.uk/news/business-12345678) (Accessed: 2 January 2025).
Ofgem. (2024). Press release: Energy price cap increase announced. Available at: (https://www.ofgem.gov.uk/publications/press-release-energy-price-cap-increase) (Accessed: 2 January 2025).
Ofgem. (2024). Energy price cap update: January to March 2025*. Available at: (https://www.ofgem.gov.uk/publications/energy-price-cap-update) (Accessed: 2 January 2025).
British Gas. (2025). How to manage your energy costs as prices rise. Available at: (https://www.britishgas.co.uk/help-and-support/energy-costs) (Accessed: 2 January 2025).
MoneySavingExpert. (2024). Energy price cap explained: What you need to know. Available at: (https://www.moneysavingexpert.com/utilities/energy-price-cap) (Accessed: 2 January 2025).