What's causing the UK cost of living crisis? No single factor has led to a crisis of this magnitude. This is a combination of the pandemic's impact, the energy price cap lift, debt, rising taxes, inflation, the rising cost of goods and services, and, I would argue, a lack of gover...
“The CPI measures the change in prices UK consumers pay for everyday goods and services, like groceries, fuel and clothing. It compares the prices of goods and services now with how much they cost a year ago. The Office for National Statistics (ONS) calculates and releases an updated figur...
There, they buy or sell electricity for the next months or even years to balance their balancing group well ahead of the time of delivery. The closer the day of actual delivery of electricity comes, the more fine-tuning of the balancing group is needed - a still existing surplus or ...
An electric vehicle (EV) is a car that runs entirely or partially on electricity instead of gasoline. The electricity is stored in reusable batteries and used to power an electric motor that turns the wheels. Electric vehicles are categorized as follows: Battery Electric Vehicle (BEV): It runs...
ElectricityGas Unit rates27.03p per kWh6.99p per kWh Standing charge53.80p per day32,67p per day What is the energy price cap forecast? It's difficult to give an energy price cap forecasr because the wholesale market is still so unpredictable. However, EDF regularly examines the latest devel...
Economy 7 is a time-of-use electricity tariff that works alongside Economy 7 meters to provide a different price per kWh based on your time of use. Economy 7 tariffs are based around day and night-time usage, with electricity being cheaper at night but more expensive than normal during the...
An electric vehicle (EV) is a car that runs entirely or partially on electricity instead of gasoline. The electricity is stored in reusable batteries and used to power an electric motor that turns the wheels. Electric vehicles are categorized as follows: Battery Electric Vehicle (BEV): It runs...
So how can we visualize electricity moving through a circuit? Well, we can see the water moving, so let’s use it as an analogy to explain how electrical circuits work. It is a well-known fact that if the water is to flow out of a pipe, the water needs to have a force or “pre...
Because electricity is ordinarily invisible to the naked eye, someone who intends to work as an electrical engineer should be curious about mysterious forces that significantly affect the universe but aren't obvious to a layperson. A future electrical engineer should have a powerful...
power, according to the International Energy Agency. In its 2020 World Outlook Report, the Agency found that photovoltaic solar energy is "consistently cheaper than new coal- or gas-fired power plants in most countries, and solar projects now offer some of the lowest-cost electricity ever seen....