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As we approach the final quarter of 2024, forecasts indicate a significant rise in gas prices, with the energy price cap expected to increase by nearly £200 or 12%. This marks a sharp turn from previous quarters, where consumers enjoyed reductions in their energy bills. For homeowners and businesses alike, this looming increase makes a strong case for considering a switch to electric energy solutions.
Over the past year, the energy market has seen considerable fluctuations. Wholesale prices fell sharply in late 2022 and early 2023, leading to a series of reductions in the energy price cap throughout the first half of 2024. However, despite these temporary reductions, typical energy bills have remained significantly higher than in the winder of 2021/2022. As recent trends have shown, the stability of energy prices is far from guaranteed.
After a brief respite, wholesale gas prices began climbing again in late summer and autumn of 2023. While consumers benefitted from a reduced price cap in Q2 and Q3 of 2024, the outlook for the final quarter of the year suggests a return to rising costs. This forecasted increase is a reminder of the inherent volatility in the gas market, leaving many to question the long-term viability of relying on gas for heating and hot water.
With gas prices on the rise, transitioning to electric offers a more stable and sustainable alternative. Here’s why now is the perfect time to make the switch:
Although the initial investment in solar panels and electric heating may seem high, the long-term savings are substantial. You could even heat your home for free using the renewable energy generated by your solar panels. Installing solar panels also reduces your dependence on the grid, protecting you from future price hikes. Our ELKATHERM® electric radiators and Sunamp Thermino heat batteries are more energy-efficient than their gas counterparts, further increasing your cost savings.
Electric, especially when sourced from renewables such as solar power, is far cleaner than gas. Reducing your carbon footprint not only benefits the environment, but also aligns with the global push towards sustainable energy solutions.
Currently, solar PV and home battery installations are available at 0% VAT, essentially saving you 20%.
As the world moves away from polluting fossil fuels and towards decarbonisation, electric energy solutions are increasingly becoming the norm. By investing in a HeatElectric system now, you’re future-proofing your home against the inevitable phase-out of gas.
Installing solar panels on your property is one of the most effective ways to take control of your energy bills. They allow you to generate your own electricity, which can be used, stored, or sent back to the grid. With energy prices forecasted to rise, the return on investment for solar panels is expected to grow even stronger.
Our Qcells solar systems are German engineered with market-leading warranties. Our Qcells batteries use SAMSUNG cell technology, and the whole system is currently available at 0% VAT – saving you 20% on installation.
Combining a solar system with ELKATHERM® electric heating and a Sunamp Thermino heat battery can help save you hundreds of pounds on your energy bills. You could even heat your home for free.
As the forecasted increase in gas prices looms, now is the time to consider making the switch to electric. Investing in solar panels and electric heating systems allows you to protect yourself from the volatility of the gas market while contributing to a more sustainable future. We are committed to helping you navigate this transition with tailored, turnkey solutions to meet your energy needs.
Explore our range of solar solutions and electric heating systems today to take the first step towards a more secure and sustainable energy future.
