Will the war in Iran affect energy prices?
The war in Iran, that has already spread to other parts of the Middle East will inevitably impact on energy bills.
A body called Energy UK, which represents suppliers, has already said that uncertainty in the wholesale fuel market has made it difficult for companies to offer fixed prices to customers for a year or longer.
In an increasingly volatile world, with uncertainty of supply, you can take back control of power for your business, farm, organisation or home.
This is by turning to solar, where you get a cheap, secure source and can even sell excess you produce at a higher rate.
It is energy on your terms, rather than being affected by global events.
What is the background?
Energy prices have spiked in recent times, affected by situations abroad, such as Russia’s invasion of Ukraine, which hit supply.
Things had started to improve somewhat, and regulator Ofgem had announced a 7% decrease in the energy price cap for the typical household from April.
Events in the Middle East, though, will have a knock-on effect after the USA and Israel began their bombing campaign against Iran.
Iran has responded by closing the crucial shipping route the Strait of Hormuz, and attacking energy infrastructure across the region.
What’s been the impact in the UK?
Energy suppliers have stopped offering many fixed-price tariffs after oil and gas prices spiked because of the situation in the Middle East.
Costs for businesses and households have soared in recent years, alongside rises in other things such as food and services.
With the production and transportation of oil and gas across the Middle East slowing or stopping entirely, this will mean extra costs to energy users here.
Website MoneySuperMarket reports that fixed rate tariffs are being removed, with the price range of deals on offer from energy companies climbing.
How can you take back control?
Solar has always been a green, reliable way to produce your own energy without being at the mercy of global events that are out of your control.
As well as allowing you to supply your business or home, our HIT Energy Guard monitoring technology gives you peace of mind that your system is always generating to 100% of its ability.
There are many other ways you can make solar work for you, such as by joining our energy Co-operative.
Through working together through our Green Pairing you can make sure all your energy needs are met.
You can use the energy you generate to power other sites you operate, sell excess you generate at a better price or buy more at a cheap price.
Through our Co-operative, we are currently achieving around 18p KW/h import cost using our own generators, while the market value is 26p and climbing.
