A blog post

More fuel bill misery for UK homes and businesses

Posted on the 11 January, 2011 at 5:08 pm Written by in Blog, Finance, Fuel prices, Government, Technology

The BBC reported today that E.ON were the 5th of the big 6 energy suppliers to raise their gas and electricity costs this Winter.

E.ON say they had “no option” other than increasing their rates for gas by 3% and electricity by 9%, due to the rising wholesale cost of energy.

A typical dual fuel customer will see their annual bill increase by £62 following the price rises, according to calculations by price comparison website Uswitch.com.

“As an energy consumer myself I am not surprised by this latest announcement regarding fuel price increases. Coupled with spending cuts and wage freezes, these fuel price rises are putting even more strain on household and business purse strings, and it is only likely to get worse in the future” says David Houston, Managing Director of Chester based solar energy installers PV FIT Ltd.

One way that energy consumers can protect themselves against escalating costs in by investing in a solar photovoltaic system. Thanks to the Feed-in Tariff (FIT) scheme, launched in April 2010, consumers now get paid an above market rate the the renewable electricity that they generate.

A 4kW system on a South facing roof can offer income and savings of £1600+ per year, which can be more if your property is in South. For householders, this offers a tax free income, which is linked to inflation and guaranteed by the Government for 25 years, equivalent to 10-12% annual return on your capital investment.

A PV FIT system usually takes 1-2 days to install, and consists of:

  • 10-20 solar panels mounted on your roof
  • a solar inverter located in your loft
  • and a cable which drops down to your consumer unit (fuse box) which is connected to your mains supply – enabling you to sell any excess energy back to the grid

You can also keep track of your PV FIT systems performance through your own web page which records how much power you have generated, and more importantly how much you have earned!

PV Fit Ltd are a nationwide MCS approved installers so call or now on 0844 567 9032 for your free 20 minute solar survey, or pop your details in our solar survey form and we will get in touch.

Source: Read the full BBC article

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