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Showing posts from March, 2023

New energy price cap prompts call for help on bills

 Ofgem has reduced the amount energy companies may charge consumers for energy, but bills will still climb in April as government assistance wanes.  The move by Ofgem does not immediately impact what customers will pay for gas and electricity, but it does lower the government's expenses.  In April, the usual annual household bill will increase to £3,000. Source Campaigners argue that the increase should be halted because Ofgem's new cap cuts the cost of support.  In April, the usual yearly household cost will increase from £2,100 to £3,000. This is due to the Energy Price Guarantee (EPG) becoming less generous and the end of a £400 winter discount on all bills.  Now, the government compensates energy suppliers for the gap between the guarantee and the cap imposed by Ofgem. The energy price cap was £4,279 in January, but due to declining wholesale costs, Ofgem said on Monday that it will reduce to £3,280 in April.  TUC general secretary Paul Nowak said: "The...

What Is Energy? A Deep Dive Into Understanding Energy

 What is power? Many of us have a fundamental understanding of energy, but the specifics can be hard. When it comes to providing complete answers to energy-related concerns, it is not uncommon to experience some confusion. Source In this post, we will provide a comprehensive solution to the question, "What is energy?" along with all supporting details. Where is our energy derived? Where does energy reside? What kinds of energy exist? Get these answers and much more by reading on. What Is Power? Generally speaking, energy is the capacity to perform work. So, everything that can perform work possesses energy. Work in the context of energy is often known as causing or producing change. Energy is changed or transferred whenever labour is performed. This implies that the amount of energy in the universe will always remain constant, as it changes form each time it is utilised. Why is Energy so Critical? Why do we need energy? Simply simply, life cannot exist in the absence of energ...