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Chris Huhne, the UK’s Energy secretary, has announced a comprehensive review of the feed-in tariff to take place later this year - a year earlier than scheduled. However, the rates are expected to stay unchanged until April 2012.
The psychology of buying is an area that marketers are fascinated by, attracting millions of pounds worth of research to uncover the secrets of why we buy. The decision to buy can come down to our rational thought process, analysing carefully the pros and cons of making that decision. Alternatively, we buy for the excitement, for the feeling we get, for the emotional connection we have with the brand or the product. Purchasing decisions comes down to Head vs Heart. Usually the heart wins out over our more logical self’s.
For many people the thought of complete energy security is a strong motivation for installing a renewable energy system. Not only to avoid the roller coaster ride of world energy prices, but when the lines are down on the national grid your lights are still on. However, a system that is connected to the national grid to export unused electricity, and to cover short falls in micro generation currently doesn't afford total control.
The price of copper is at a record high. With the price traded having increased by 30% this past year alone, the cost of a traditional radiator system is set to increase. With increased material costs, larger installation labour costs and a higher running cost, the traditional radiator system is an expensive option for heating distribution system in your home.
There are plenty of mix messages when it comes to the installation size of systems, with Solar Electric, the bigger the better, but solar hot water you don’t want to oversize your system. Wind turbines you want the biggest you can afford and your neighbors will tolerate, but heat pumps you don’t want too big or too small.
Gas and Electric Prices on the Rise
Gas and electric prices are increasing raising the cost of heating your home and keeping the lights on. With an average price rise of 6% this quarter families are expected to pay an additional £60 a year.
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