With blistering summer temperature around much of Europe, it may be hard to convince people to think about heat pumps . But a push for more renewable energy plus the ongoing war in Ukraine and the curtailing of Russian gas and oil means there has hardly been a more pressing time. A heat pump is a system that moves around thermal energy. There are a number of different types of devices based on what they use, including exhaust air, ground and water. Ground-source heat pump equipment taps into the nearly constant temperature below the soil's surface. These geothermal heat pumps draw heat into a building in winter and remove warm air in summer, acting like an air-conditioner. This type of system uses a network of water-filled pipes that are either laid horizontally a few feet underground or pipes drilled vertically much deeper into the Earth's core. Advocates say the systems can be used nearly anywhere and are cheaper to run than other heating and air-conditioning systems like … [Read more...] about Can heat pumps be the answer to higher energy costs?
1 mw battery energy storage system cost
Your energy bills could soar EVEN higher to cover costs of collapsed Bulb Energy
Energy bills could soar even higher as customers face forking out to run collapsed firm Bulb. Business Secretary Kwasi Kwarteng admitted he did not know if the £1bn-a-year cost would fall on a buyer for the firm, the Treasury, or all customers’ bills. Raising bills to cover the costs of propping up Bulb Energy, which failed in November, would be another blow to Brits as bills hit £2,800 a year this winter. But in a glimmer of hope, Mr Kwarteng also suggested electricity bills could be cut in future, by no longer pegging them to the price of gas. He said: “It cannot be the case forever that we can link directly our electricity prices to gas prices when gas is only a portion of the electricity generating mix.” Annual electricity and gas bills are already expected to hit £2,800 a year from October as the price cap is raised. Alongside this, the £2.7bn cost of 28 suppliers collapsing will be spread across customers' bills nationwide - adding about £94 per home. A deadline … [Read more...] about Your energy bills could soar EVEN higher to cover costs of collapsed Bulb Energy
Soaring fuel bills add to ‘dire’ cost pressures facing NHS
Hospitals across Britain face rises in power bills running into millions of pounds as the spiralling cost of living crisis hits NHS trusts. As household fuel bills climb to unprecedented levels, the health service also faces soaring charges as a result of the escalating cost pressures. A survey of NHS trusts across England and Scotland shows they are facing rises of up to £29 million in the three financial years to date. Sharp rises in energy costs caused by factors including the end of the pandemic and the war in Ukraine are also hitting the NHS, figures obtained through Freedom of Information Act requests by Metro.co.uk show. In Nottingham, costs for gas, electricity and oil combined rose from £8.8 million in 2020 and 2021 to £15.8 the following year. The budget, and therefore forecast, for the current financial year is £37.9 million. At St George’s Trust in London , which runs one of the largest hospitals in the UK, the bill for gas and electricity is due … [Read more...] about Soaring fuel bills add to ‘dire’ cost pressures facing NHS
Scholz: Germans must ‘stick together’ over cost of living crisis
German Chancellor Olaf Scholz on Saturday urged the public to face the country's economic problems together, as inflation in Europe's leading economy remained stubbornly high. Scholz published a new video in his weekly podcast, admitting that rising prices were troubling many citizens . He called for the population to "link arms and stick together." Just days after data showed prices rose 7.6% in June compared to a year earlier, Scholz said he would convene a meeting of experts to tackle the cost of living crisis. The chancellor said he has invited trade unions, employers, the central bank (Bundesbank) and academics for a summit that kicks off Monday at the chancellery in Berlin. The campaign, dubbed "Concerted Action," echoes similar efforts by former West German chancellors in the 1960s and 1970s. One-off payments proposed instead of wage hikes Economists and politicians have mooted several ideas in recent days to ease the burden on personal budgets. Labor Minister … [Read more...] about Scholz: Germans must ‘stick together’ over cost of living crisis
Boris and Rishi announce £6,000,000,000 cost-of-living tax cut
Boris Johnson and Rishi Sunak have told Brits the government is ‘on your side’ when it comes to the spiralling cost-of-living crisis. But with food and petrol prices reaching fresh highs, plunging millions into financial distress, some might find their assurances hard to stomach. In an op-ed for the Sun on Sunday , the prime minister and chancellor outlined what they are calling ‘the single biggest tax cut in a decade’, worth £6 billion. Their measures include ‘a council tax rebate, a cut in fuel duty, at least £400 for every household to help with energy bills and at least £1,200 for the eight million most vulnerable households’. Mr Johnson and Mr Sunak said that when the National Insurance (NI) threshold rises this Wednesday from £9,880 to £12,570, it will save up to £330 a year for 30 million people. They claim the change will lift 2.2 million people out of paying any NI or income tax on their earnings. ‘We know it’s tough but we want you to know that … [Read more...] about Boris and Rishi announce £6,000,000,000 cost-of-living tax cut
Disabled man had to sell late wife’s Star Wars collection to pay the bills
A disabled man is having to sell his late wife’s possession in order to keep his head above water as inflation bites. Jason Alcock said he is struggling to make ends meet amid the cost of living crisis hitting people up and down the country. The 51-year-old from Stoke-on-Trent lives with autism, ADHD and bipolar disorder, conditions which make finding work extremely difficult. With the price of everyday goods rising at levels unmatched in 40 years, he is faced with making heartbreaking decisions to pay the bills. His wife Paola died in 2018 after being diagnosed with acute lymphoblastic leukaemia. Jason has resorted to raising funds from treasured items she left behind to stay afloat. He said: ‘I worked out I’ve sold £8,000 worth of stuff in the last three years to survive. ‘Paola had a Star Wars collection, she used to do a lot of crafts. All those kinds of things, her old phones and tablets and everything like that, that’s all been sold. ‘A lot of the … [Read more...] about Disabled man had to sell late wife’s Star Wars collection to pay the bills
Parents dipping into children’s savings to pay soaring bills, poll finds
Parents have resorted to dipping into their children ’s savings to afford to pay for the soaring cost of household bills , a poll has found. According to a survey for The Telegraph , Britons are lifting £8.5m a day from their children as the sprialling rate of inflation - which recently hit a 40-year high - continues to top up already sky-high domestic costs. The poll revealed that families had withdrawn almost £300 on average from their children’s savings so far this year. It found a third of the 2,000 people questioned had raided their children’s funds this year and suggested a total of £1.4bn has been withdrawn so far. Almost a quarter said they had extracted the funds to pay for increasingly expensive food shops, one in four said they had done so to help pay for exorbitant energy bills, while 6 per cent said they used their children’s savings to pay for travel. More than a quarter said they had either reduced the amount they were keeping aside for … [Read more...] about Parents dipping into children’s savings to pay soaring bills, poll finds
Full transcript of “Face the Nation” on July 3, 2022
On this "Face the Nation" broadcast moderated by Margaret Brennan: Homeland Security Secretary Alejandro Mayorkas Rep. Adam Schiff , Democrat of California German Chancellor Olaf Scholz Dr. Henning Tiemeier of Harvard University Click here to browse full transcripts of "Face the Nation." MARGARET BRENNAN: I'm Margaret Brennan in Washington. And on this Fourth of July weekend on Face the Nation, we will look at the challenges facing an increasingly divided America. President Biden's message after a week of consultation with our closest allies on the issues threatening global stability: All is well with our friends. The biggest threat to the world view of America is from within. (Begin VT) JOE BIDEN (President of the United States): You haven't found one person - - one world leader to say America is going backwards. America is better positioned to lead the world than we ever have been. The one thing that has been destabilizing is the outrageous … [Read more...] about Full transcript of “Face the Nation” on July 3, 2022
With the Tories in turmoil, steel helps Boris Johnson show his mettle
Boris Johnson’s move to extend tariffs on imported steel by two years — a probable breach of World Trade Organisation rules — was welcomed by protectionist MPs from both sides of the political aisle. Industry also predictably lauded the decision, saying it will be protected from artificially cheap imports. Much like fishing, steel carries with it a disproportionate amount of political focus compared to its size — in 2020 the £2bn it contributed to the economy was the equivalent of just 0.1pc of total economic output and 1.2pc of manufacturing. But as the industry likes to point out: everything is made of steel. The metal goes into cars, aircraft, new buildings and the machinery that forms almost everything else. Without it, steel insiders say the logic of having a manufacturing industry in the UK would be considerably weaker — a fact that will not be lost on the Prime Minister. The move was pegged as an effort to “protect the steel sector”, Trade Secretary Anne-Marie … [Read more...] about With the Tories in turmoil, steel helps Boris Johnson show his mettle
Despite potential, Midwestern farms struggle to market fish
When drastic increases in food costs spurred by the COVID-19 pandemic left Andrew Caplinger struggling to find fresh catfish for his restaurants, he decided to try “an experimental” solution — growing his own. In the coming months, the Indianapolis restaurant chain Caplinger’s Fresh Catch Seafood will begin sourcing its second most popular menu item from fish ponds at his 28-acre farm in southern Indiana. The goal is to produce up to half of the 800 to 1,000 pounds of catfish fillets served at the restaurants each week. “I’ve never done anything like this — I’ve sold dead fish my whole entire life,” he said. “It's tough, and it might be risky. But assuming things go well and these fish grow like they should, we won’t have to look at raising our store prices again for some time.” It’s a move that could increase local appetite for fish, Caplinger said. But even with fish and seafood consumption on the rise in the U.S., the number of Midwest aquaculture farms is … [Read more...] about Despite potential, Midwestern farms struggle to market fish