Gas Price Crisis: Why Are Gas Prices So High?

Energy prices are soaring and recent figures have warned that some businesses could be forced to close. The price rise is also causing fuel bills to rise for millions of households across the country — with further significant increases expected next year.

Gas prices are so high due to the worldwide squeeze on gas and energy supplies. A cold winter in Europe last year put pressure on supplies and, as a result, stored gas levels are much lower than normal. There's been increased demand from Asia (which also suffered a cold winter) for liquefied natural gas, which has helped push up gas prices up there, and in the UK and Europe too. Since January 2021, they've risen 250% and prices have soared 70% from August alone.

Many companies face a considerable rise in their bills, which could have two major knock-on effects. The first of these being companies being forced to reduce or pause production, or even cease trading, which could cause unemployment. The second major knock-on effect is being likely to pass these higher energy bills on to customers as higher prices — in other words, an increase in inflation.

Industries that require heat as part of their production processes are particularly exposed to the gas price crisis. These include ceramics, paper and steel manufacturing. There is also a knock-on impact on the other sectors they supply.

How a building energy management system reduces heating and energy bills

There has never been a more crucial time for businesses and homeowners to save money on their heating and energy bills. With a building energy management system, business owners, village halls and other large buildings can save money and combat the global gas price crisis that stares us in the face. For homeowners, a thermostatic radiator valve (TRV) can play a vital role in reducing heating bills and allow homeowners to be in control of them, which is explained below.

Businesses and village halls can reduce bills

A building energy management system (BEMS) is the most effective method of reducing heating and energy bills for businesses, village halls and alike. With a saving percentage that is proven to be between 20-to-30%+, HeatingSave's BEMS has the ability to better run any building, more efficiently, by cutting costs while also improving security.

It includes an advanced software suite that provides you with the important data required to control all aspects of the building's energy usage and performance. This means that even when you have your heating on during the winter months, the building energy management system will ensure that your building is run efficiently and cost-effectively, saving you money.

Cutting costs for homeowners

HeatingSave's thermostatic radiator valve has built-in memory to match your lifestyle and needs, automatically altering your TRVs settings to optimise comfort levels in each room within your home. This replaces your existing radiator valve and uses its built-in sensors to measure temperature in real time, adjusting the water flow throughout your radiator, but also communicate with your boiler to not waste energy.

TRVs also have the ability to save 20-to-30%+ on your heating and energy bills, which is especially the case for homes with infrequently used rooms or areas. HeatingSave's thermostatic radiator valve allows you to control individual radiators, giving you the ability to 'zone heat' all from your laptop, desktop PC or mobile device and, most importantly, from the comfort of your own home.

For more information on HeatingSave's building energy management system and/or thermostatic radiator valves, then please click the internal links within this article, visit the HeatingSave shop, or alternatively you can get in touch with a member of our friendly sales team in order to make an inquiry for your business/building.