Energy bills to continue growing for the next 17 years, spending watchdog warns
The latest round of above-inflation energy increases in energy bills will by no means be the last, the Whitehall’s spending watchdog warning that this year-to-year process is likely to continue for the next 17 years.
According to a news report on the matter, the National Audit Office (NAO) estimated that the average real-terms increase in household energy bills could reach 18% between now and 2030.
Most of these hikes will be brought about by the need to invest in the energy infrastructure. In fact, the Treasury estimates that at least two-thirds of the £310bn of planned infrastructure investment over the next decade and beyond will come from private companies, ultimately paid for by consumers.
“High levels of expected new investment in infrastructure mean that energy and water bills may rise significantly from current levels. This is likely to hit those households with incomes in the lowest 10% particularly hard.
“The available projections suggest that increases in both energy and water bills will continue to outstrip inflation, on average, up to 2030. This is particularly concerning, given that energy and water bills have increased significantly in recent years, while incomes have not” the National Audit Office (NAO) representatives said in a statement.
This proves once more that investing in technological solutions designed to optimize energy consumption levels is the best long-term business decision in terms of energy-related expenditure, and the HeatingSave Building Energy Management System is the best system for the job, enabling users to save more than 30% on their bills.
HeatingSave optimizes any heating system’s overall functionality by taking into account a variety of factors, such as internal and external temperatures, occupancy, time of the year, the particular characteristics of installed boilers, etc. All of the data is used in order to determine the best heating patterns for the various heating zones within any building, using our proprietary heat-loss algorithm.
The end result is that users still get a very good level of comfort, while in the same time saving energy and money in the process.
If you’d like to find out more details on all the features HeatingSave has in store, just contact our dedicated product team, they’ll be more than happy to provide you with all the necessary information.