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California electricity prices increased by 98% over the last 15 yrs, easily tops in the nation. US average electricity prices 📈 31% over same period. This is exactly what poor energy policy intends over the long term: drive up costs, manufacture scarcity, and create energy poverty.

Standing charges for electricity spike: Researchers with the End Fuel Poverty Coalition have conducted a study that shows energy firms have made over £420 billion in profits since the start of the current energy crisis. This investigation looked at financial records from several energy-related organisations. #DepartmentforEnergySecurityandNetZero #electricitystandingcharges #EndFuelPovertyCoalition #energybills #energyconsumption #energycosts #energycrisis #energycustomers #energydemand #energymarket #energyprices #energyretailmarket #energysupplier #Finance&Markets #gasprices #gasstandingcharges #Ofgem #standingcharges #TopStories #UKenergy #ukenergynews #wholesaleenergy #wholesaleprices

The demand for coal worldwide reached an all-time high in 2022 and once again in 2023. Without coal, we would be living in a very bleak world, as billions of people around the planet would either perish or be imperiled by unnecessary poverty. Learn about the vital contributions of coal at theCOALhardtruth.com.

What do we know from today about changes to the energy price cap on 1st April? 1) Energy prices are coming down by 12% 2) Prepayment meters are the cheapest way to pay for your energy 3) Paying the bill when it comes is the most expensive way to pay for energy 4) Millions of households will still be in fuel poverty

According to the International Energy Agency (IEA) in 2022, there were 760 million people in the world living without electricity access, while 2.3 billion people continued to rely on harmful and polluting cooking fuels such as charcoal, wood, agricultural waste and animal dung – the use of which is a leading cause of premature death and serious health issues in many of the poorest regions of the world. Currently, more than 80% of the global population without access to electricity lives in Sub-Saharan Africa. Team GreenPower have some solutions outlined. However, how do you think we combat Energy Poverty? #CaseComp24 #SwitchOn Switch Energy Alliance Switch Competition

Energy Bill Update: According to Cornwall Insight’s latest forecast, Ofgem’s energy price cap is set to fall by around 1% in January 2025 - a small, but welcome drop for households facing high energy bills, following yesterday’s hike to the threshold. Additionally, energy prices are predicted to decline slightly in the second and third quarters of next year, offering further, albeit modest, relief. While this forecast brings hope, it’s important to continue pushing for long-term solutions that ensure affordability and stability for all, especially for those in fuel poverty. #EnergyPrices #Ofgem #FuelPoverty

New Video - King Coal is not dead he has just moved to Asia https://lnkd.in/gv4KTrby Every six hours, the world consumes enough to build a coal replica of the Great Pyramid of Giza China accounts for more than half of global demand so Chinese policy decisions are crucial India is the next most important country Energy trilemma - Cost, Security , Pollution Energy Maslow Coal demand has declined and will continue to decline in OECD , but this matters less Growth in other Asian Countries and South Africa

‘It’s an extraordinary situation we find ourselves in. The reduction in the price cap is great but it won’t help those households who are stuck in fuel poverty. For that we need the government to step forward with social tarrifs, help for people to get out of debt and energy efficiency in our homes.’ - Adam Scorer, Chief Executive of National Energy Action (NEA), taking to Good Morning Britain (GMB) on ITV this morning about the reduction of the Ofgem energy price cap and its impact on energy prices. Nick Dixon, reporting for GMB, underlined the ongoing fuel poverty challenge saying: ‘when the energy crisis started in 2021, at that point, 4.5 million households were trapped in energy poverty - that figure has risen to 6.5 million in 2024 and around 5.3 million people live in households in debt to their energy supplier and the value of that debt is nearly £3 billion.’ Watch Adam Scorer talking to Nick and Good Morning Britain: https://lnkd.in/e4QpUWpG #fuelpoverty #energycrisis #costoflivingcrisis #energyefficiency #justtransition #netzero

THE SKY AT NIGHT – A TRUE IMAGE OF ENERGY POVERTY Too often I read about the evils of #coal or the fact #oilandgas is destroying the world. Yesterday, thanks to Darrell Polston I had an exchange of views with Lisa Ward. Lisa and I share a common mission although we work in different industries. I discovered we also share some common ideas. In essence, amongst other things, we want to use existing infrastructure to contribute to the energy mix. In Lisa’s case it’s old coal mines. In my case it’s end-of-life oil and gas wells. Another thing we have in common is that we both know there is not enough energy being generated on the planet. The National Geographic image below is a depiction of the world at night. Think about the countries with known population concentrations which are also very dark at night. They are not dark because they are acknowledging ‘Earth Day’. They are dark because they are the true witnesses of energy poverty. Energy poverty is not paying 2 cents per kWh more than last year for your electricity. Energy poverty is having no electricity or an inability to afford any. Even with a static population, the world has an increasing demand for energy. Quite simply we need all the energy we can lay our hands on. The International Energy Agency (IEA) says 760 million people do not have access to electricity. However, there are many more who although they have access, simply can’t afford to purchase it. We need everything in the energy mix to help reduce the IEA 760 million. Yes, let’s reduce use of coal and oil and gas with time. But first we need to solve the real energy poverty problem. The off-grid nature of geothermal means we can bring electricity and direct heating & cooling to remote communities. Power and heat purchase agreements mean prices can be fixed for decades introducing energy security. Want to know more? Message me directly or contact us Primeval Energy Ltd. #energypoverty #energypragmatist #geothermalenergy

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