Fossil fuel costs are rising faster than electricity
Following the recent energy price rises it is worth looking at any trends that are developing.
Recent trends show that while electricity prices are increasing, they are rising at a slower rate than fossil fuels such as gas and oil.
We believe that long term there will be many more sources of electricity than fossil fuels. These include wind farms and solar photovoltaics. Therefore we expect this trend to continue.
Gas is no longer a cheap fuel
This means that heat pump technology is set to become more and more popular as it runs on electricity and heat from the sun.Historically mains gas was a very cheap fuel vs electricity. However gas prices are rising faster than electricity and heat pumps have efficiencies in excess of 400%, gas is no longer a cheap fuel.
Labels: Heat-Pumps
posted by Green Energy @ 08:37
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