Tuesday, October 18, 2011

UK energy prices face sharp Increases!

UK Energy bosses warned today that regardless of Government intervention, energy prices face sharp increases for the entire world economy; meaning there's no better time than now for solar installations in Los Angeles.

California, like the U.K, seem to stuck between competing forces. High unemployment and a strong interest to increase clean energy usage. Competing forces... WHY?

While David Cameron will do everything possible to keep energy prices low, according to Mr Bentley, the “inconvenient truth” is that energy prices will continue to rise.

“In my opinion unit prices will only go one way unless someone discovers huge amounts of gas and imports it into the UK. The international price for gas, I am afraid, is going up,” he told the BBC.

Mr Huhne (Energy Secretary) also predicted that prices will rise.

“If you are asking me to predict what is going to happen to world fossil fuel prices then the Government’s prediction – and the prediction of virtually everybody else – is that indeed that in the medium run those prices are going to go up,” he said.

It is our opinion that California will see sharp increases in electric prices as base prices in commodities are on the rise, utility companies need cash for infrastructure up-grades and least of all SB 32. With this in mind, we can't think of any negatives for utilizing solar for your home. The ROI alone is an enormous factor to consider.

As coal and oil costs skyrocket, solar energy in the South Bay is the cheapest its been in years.

Look to hedge against increase and lock in today's prices...

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