Fuel Prices
A week or so ago British Gas announced some pretty large price increases for gas and electricity and others such as Scottish and Southern are following suit.
We’ve already reflected these price changes in our analysis we carry out for Home Energy Masterplans (alternatively you have the option to set the price at a level of your choice).
We thought we’d give a quick illustration of how this might affect some analysis. Let's say that we’ve evaluated a boiler upgrade as having a cost of £2,000 and a payback of 10 years. If we now factor in these prices changes the payback will roughly speaking have dropped to 8.5 years. When we evaluate packages of measures it will be a bit more complicated but you get the general gist.
A week or so ago British Gas announced some pretty large price increases for gas and electricity and others such as Scottish and Southern are following suit.
We’ve already reflected these price changes in our analysis we carry out for Home Energy Masterplans (alternatively you have the option to set the price at a level of your choice).
We thought we’d give a quick illustration of how this might affect some analysis. Let's say that we’ve evaluated a boiler upgrade as having a cost of £2,000 and a payback of 10 years. If we now factor in these prices changes the payback will roughly speaking have dropped to 8.5 years. When we evaluate packages of measures it will be a bit more complicated but you get the general gist.
Fuel Poverty - is on the increase
The diagram shows some of the main factors influencing the number of people in fuel poverty and the degree of their fuel poverty. For most people lucky enough not to be in fuel poverty it may seem that they have little ability to help those that are. However everyone has an influence on the overall ‘demand’.
Therefore reducing demand through fabric changes, system changes and lifestyle changes can affect one of the
factors contributing to fuel poverty. Fuel poverty is not just about those in it.
The diagram shows some of the main factors influencing the number of people in fuel poverty and the degree of their fuel poverty. For most people lucky enough not to be in fuel poverty it may seem that they have little ability to help those that are. However everyone has an influence on the overall ‘demand’.
Therefore reducing demand through fabric changes, system changes and lifestyle changes can affect one of the
factors contributing to fuel poverty. Fuel poverty is not just about those in it.
Renewable Heat Incentive Premium Payments
We are still waiting for the final details of the RHI but the means of registering an interest in the Renewable Heat Incentive Premium Payments has just been launched.
Essentially these are mini-grants available to up to 25,000 installations of ground and air source heat pumps and solar thermal systems before the full scheme is launched. The payments have been set as follows:
Solar Thermal Hot Water £300
Air Source Heat Pump £850
Ground Source Heat Pump £1,250
Biomass Boiler £950
One of the criteria that we are pleased to see is “For other technologies [other than solar thermal] applicants must not currently use mains gas supply for their heating systems” This will help ensure, along with other appropriate controls, that the systems are only installed in appropriate situations.
We are still waiting for the final details of the RHI but the means of registering an interest in the Renewable Heat Incentive Premium Payments has just been launched.
Essentially these are mini-grants available to up to 25,000 installations of ground and air source heat pumps and solar thermal systems before the full scheme is launched. The payments have been set as follows:
Solar Thermal Hot Water £300
Air Source Heat Pump £850
Ground Source Heat Pump £1,250
Biomass Boiler £950
One of the criteria that we are pleased to see is “For other technologies [other than solar thermal] applicants must not currently use mains gas supply for their heating systems” This will help ensure, along with other appropriate controls, that the systems are only installed in appropriate situations.
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