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The eco revolution is stalling when we need it most

Rachel Mortimer By Rachel Mortimer,
On Monday evening National Grid paid hundreds of thousands of households to cut their electricity usage amid the current cold snap. It was a stark reminder of the strain on both our energy resources and everyday bills each time sub-zero temperatures return to the UK.


Energy bills are forecast to fall from July, but the average household is unlikely to pay much less than £2,000 for some time. Households playing the long game are investing in energy efficiency measures in a bid to manage bills in the future.


A set of solar panels typically costs £5,500 and households can expect to pay between £7,000 to £13,000 for an air source heat pump, rising up to £19,000 for the ground source variety. But green renovations have varying payback periods, initial costs are high and there is little in the way of subsidies. Tom Haynes investigates how much it will really cost you to go green.


Households have invested tens of thousands of pounds in electric vehicles, buoyed by promises of a “green industrial revolution” by former prime minster Boris Johnson. But in reality greener driving has been foiled by a chronic lack of charging points. Click here read how broken promises betrayed electric car drivers.


There is no shortage of obstacles faced by households hoping to cut their energy bills, but some have excelled nonetheless. We meet one savvy billpayer who expects to save £12,000 a year by storing up cut-price energy in a small tower of batteries.


Elsewhere, savers have this week been warned of a “nasty shock” waiting for them in retirement. Just one in three high earners with household income above £100,000 are on track to afford a comfortable retirement, according to Britain’s largest broker. My colleague Lauren Almeida crunches the numbers here.


Its clear the next cohort of pensioners must learn to cope with leaner pots. Long cruises and luxurious holidays will soon be a thing of the past for many retirees – we explain why here.

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Published by Guestspeaker

A joint effort of several authors who do find that nobody can keep standing at the side and that “Everyone" must care about what is going on in today’s world. We are a bunch of people who do not mind that somebody has a totally different idea but is willing to share the ideas with others and to be Active and willing to let others understand how "today’s decisions will influence the future”. Therefore we would love to see many others to "Act today".

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