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Headline

Ofgem calls for 10 year, £32bn energy spending programme

Comment

The UK has a population of circa 60m, of which the working population is circa 34million. The Office of National Statistics publish the Annual Survey of Hours and Earnings ("ASHE"), the 2009 version places the average (median) salary at £489/week, which is £25,428/year. This £32billion spend is additional to the transmission charge embedded in consumers electricity bills, and represents nearly 2 weeks average salary, for each of the 10yrs. This is a very significant spend to accomodate smarter networks, and new low load factor generation, and will cause many more electricty user financial difficulties. Coupled with other additional costs including the increasing renewable obligation, the future cost to end users will be significantly more expensive than today on these projections. As Engineers - are we doing enough to firstly reduce overall consumption, and secondly to use energy - including electricity, more efficiently?

Posted date

10 October, 2010

Posted time

10:49 pm

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