In recent years, the cost of energy has been on the rise in England. The main sources of this increase are falling oil prices and increased taxes on energy. This has led to an increase in the price of electricity, gas, and coal, as well as an increase in the price of petrol.
Energy bills are on the rise in England and Wales, according to latest figures released by the Office of Gas and Electricity Markets (Ofgem). The average domestic energy bill in England and Wales has increased by 9% over the past three years, reaching £1,182 in 2017. The largest contributor to this increase has been a 16% hike in electricity prices, which is partly due to an increase in wholesale prices.
Reasons for High Energy Bills
Energy bills are rising in England, and there are a few reasons for this. The cost of oil, which makes up a large part of the energy we use, is climbing. And the UK government is increasing taxes on oil and gas companies to help pay for public health care. This means that the cost of energy is going up for everyone, even if your electricity bill isn’t particularly high.
Another reason for the increase in energy prices is climate change. A lot of the UK’s energy comes from fossil fuels like coal and oil, which produce greenhouse gases that contribute to global warming. As the world gets warmer, it costs more to keep buildings warm and power plants running, and this goes into the price of energy too.
Of course, there are other factors at play too. For example, the depreciation of the British pound has made imports of foreign oil more expensive, while public sector cuts have led to reductions in maintenance work on infrastructure and utilities. All of these factors are likely to contribute to an increase in energy costs over the next few years.
You can also try reducing your energy consumption during peak hours. Try turning off lights when you leave a room, turning down the thermostat when you’re not home, or using solar power during the day when it’s sunny. And if you have large appliances that use a lot of energy, consider replacing them with newer models that use less power.
