Protect Yourself Against Energy Price Increases
The protection against price increases is one of the compelling reasons to get a solar energy system, so if you are interested in finding out more start on the solar journey today.
One of the main advantages of solar energy or solar power is protecting yourself against the price rises and fluctuations in grid supplied energy. This works hand in hand with How Does Solar Energy Save Me Money.
Below we will explore the price increases for domestic energy users over the last 20 years. The figures are based on annual average prices per year supplied by the UK Department for Energy Security and Net Zero (DESNZ) (was Department for Business, Energy, and Industrial Strategy (BEIS)), the ONS (Office for National Statistics) and the energy industry.
These are annual averages which don’t necessarily include shorter term price spikes which you may had to recontract at, to show the trend. The figures also do not include any supplemental charges as these vary, not forgetting of course that using your own solar power can mean no other supplement to pay.
Domestic Electricity Price Increases
Both the chart and table shows the electricity prive increase over a twenty year period is 333% or 3.3x the starting price.
Translate that to a solar system where the unit price is fixed at the start and again it is easy to how much money is saved on energy costs and why a solar energy system is such a good investment.
Average Residential Electricity Price Increases 2004 - 2022
Year | Electricity Price Increase Per Year |
|---|---|
2004 - 23 | 333.1% |
2004 - 5 | 10.5% |
2005 - 6 | 21.8% |
2006 - 7 | 8% |
2007 - 8 | 15.5% |
2008 - 9 | 4.6% |
2009 - 10 | -2.5% |
2010 - 11 | 7.3% |
2011 - 12 | 5.6% |
2012 - 13 | 7.5% |
2013 - 14 | 5.5% |
2014 - 15 | -0.3% |
2015 - 16 | -0.2% |
2016 - 17 | 6.7% |
2017 - 18 | 8.6% |
2018 - 19 | 7.3% |
2019 - 20 | 0.2% |
2020 - 21 | 6.6% |
2021 - 22 | 49.1% |
2022 - 23 | 13.7% |