It is already one of the driest areas in the UK with rain fall levels equivalent to Tel Aviv but the extra dry conditions of the winter in the east of England could raise electricity prices by 5.7 %. Lots of water is needed to cool power plants and generators in the area are facing higher cost to procure the water needed.
The principle producers in the East of England are Npower and EDF whose two power plants generate 94 percent of electricity in this part of the UK. The extra cost of water is a staggering £53 million.
Ironically the opposite is true in Scotland where SSE’s hydro plant has achieved record production levels.
Difficult to know at this stage how much of this extra cost is going to be absorbed by NPower and EDF and how much is going to be passed onto businesses and domestic consumers. So well worth consulting Utilitrack to take advice well ahead of your contract renewal date to ensure you don’t over pay for your energy costs.
If you are unsure when your contract ends I can help you find out and just as importantly when you need to terminate the contract to ensure you don’t get rolled into a new one at uncompetitive rates.
Please call me on 0845 604 1484