Last updated on February 15th, 2019 at 09:38 pm
Choosing to absorb the continued rise of your annual energy bills or taking decisive action to ‘cushion’ your household from the inevitable increases in costs, must now be a real decision which homeowners must make.
As with most decisions, this involves a certain degree of weighing up the pros and cons of the situation.
Where PV solar panels (photovoltaic) are concerned, the longer-term view must outweigh the short-term pain of installing because of your decision to do so, is likely to affect the next ten, twenty or even thirty plus years into the future.
Budgeting your monthly household income involves knowing what you will need towards the later weeks of the month as well as the coming days. This mindset must also apply to your long-term decisions on providing heat and power to your household.
Knowing that you will require more of your income to spend on these essential requirements must be factored into any calculations you make.
The problem homeowners, governments and even the energy suppliers themselves have, is that they don’t have any certainty about what they will have to pay for energy five years from now, let alone ten or twenty years from now.
The current consensus on energy pricing in the year 2020 is bleak, even viewed with optimistic eyes. The average household energy costs for the year 2020 as predicted by British Gas is over £2,000 annually. This optimistic view based upon current uninterrupted supplies.
Fingers-crossed when thinking about energy
Budgeting for an unpredictable future is doable, only if you have your fingers crossed at the same time. This situation is the policy that our governments and energy suppliers are still adhering to today.
Nobody can predict the future in any great detail, but what we do know about future energy cost is based on two simple facts. With increased demand from the Far-East and generally around the globe will push-up prices further.
Less and less oil field finds have recorded since 2004, and the so-called saviour that is shale gas has been found to be not as financially viable as first thought.
The remaining global oil supplies will increase in value tenfold very quickly over the coming years, so peak oil may only be a theory too many, but the reality is beginning to show already in our everyday lives. From food, manufacturing costs, petrol and of course our domestic energy bills.
Making an informed choice to install PV solar panels or any other micro-generation technology should always be done with sound financial figures. Such technology’s popularity and take-up over the last few years since their humble green beginnings have precisely matched the rising costs of energy from the succession of price rises beginning around 2004 onwards.
A decision to order a PV solar installation is a big one for any household, but the choice to keep throwing money at increasing bills long-term is not a small decision either.
Freedom from the effects of an overcrowded planet and a shift of power from West to East will undoubtedly have consequences for the bloodline of our modern civilisation, oil.
Very few can completely shield themselves from a more competitive energy future, but you can choose to generate your power and cushion yourself, as the people of the East without the freedom’s we take for granted, then overwhelm the peoples of the West with our historic liberties.
As the fight for future resources begins to intensify, the unintended casualties will be higher prices for heating our homes. Suddenly solar panels seem like a good idea when putting into the broader context of the global fight for freedom and the ability to survive peak oil.
I’d love to hear your thoughts on this.