Energy Savings - What to use them on?
Energy prices are reaching historic lows as the global price of oil reaches 6
year lows in dollar terms. So as these savings come through to customers
via lower petrol, diesel, gas, electricity, heating oil prices, what
should consumers use them on?
Our suggestion is that these savings should be used to brace against future
energy price increases. Much like a pension, the money you invest
today, can be seen as an income source into the future by way of reduced
For example, by spending €100 today replacing twenty 50 Watt spot light
bulbs with 5 Watt LEDs, the savings can be expected to run over the 10 -
20 years the new light bulbs last. Add to that the savings from
having to replace your bulbs less and the time saved from having to go
out and find the replacement bulbs etc and you have a great reason to
make this investment today.
By using the EnergyElephant
platform, you can quickly and easily see where best to make your energy
savings investments, from upgrading boilers or installing smart
controllers such as Nest, to installing LED lighting and insulating
roofs. These savings will quickly become apparent on your monthly
bills, and can be expected to increase once energy prices start to
recover or additional energy taxes (such as carbon taxes)