Rising Energy Prices and the Urgent Need For Change

Evidence from a variety of sources suggest that the world is heading for a serious energy shortage in the years ahead. Rapid economic development in China and India, coupled with consistent energy use in already industrialized nations, will put a huge strain the world’s ability to meet a projected rise in energy demand.

To everyone at BHESCo it seems abundantly clear that a consequence of this global rise in demand will be a huge corresponding rise in cost, unless action is taken now to increase energy efficiency and reduce energy waste.

“One thing is certain,” said Nobuo Tanaka, the IEA’s executive director, “the era of cheap oil is over.”

‘Business Green’ reported that the Government may have to extend financial support to UK industry, as the latest projections from the independent Committee on Climate Change (CCC) confirmed that business energy costs may rise by around a third by 2030.

According to one forecast published by The National Grid, the price of electricity could double over the next two decades. Indeed, this year already oil prices have nearly doubled from their February lows.

domestic fuel price graph

And of course, a tremendous increase in energy consumption by industrialising nations like China, India, and Brazil, will lead to an increase in global greenhouse gas emissions.

The IEA believe that this anticipated emissions increase would result in a 6oC rise in the average global temperature by 2100, which would likely devastate many species and coastal communities worldwide.

It is essential that visionary leadership on a national scale is matched by a proactive grassroots movement at the local level to promote a rollout of energy saving measures and habits. Much like communities came together to ‘Dig For Victory’ during the war, we feel that the same ethos is needed now in the battle against climate change.

There are dozens of small changes that households and businesses can make in order to lower their energy use and carbon emissions, ranging from to replacing lights that are frequently on with LEDs, replacing old inefficient appliances and topping up your insulation.

Through our Energy Saving Service, BHESCo is helping our local community to make these essential changes to the way we use energy. The beauty of it is that by initiating energy saving measures in the home and reducing carbon emissions, people are also able to make huge savings on their annual energy bills. Its almost like getting paid to save the planet!

For help reducing your energy use, please view our Energy Saving Tips page or contact BHESCo to book a visit from our Energy Saving Team.

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