Shale gas fracking not likely to drive down household energy bills, Chancellor admits

While large scale fracking across the UK would certainly boost revenues for the Treasury and help drive forward the UK economy, consumers are not likely to benefit from it directly, Chancellor George Osborne has recently admitted.

According to a news report on the matter, the Chancellor publicly acknowledged that shale gas exploitation is not likely to lead to big reductions in household gas bills.

Speaking to the House of Lords economic affairs committee, the Chancellor said that: “I am very pro this development and I think it does have the potential to bring gas prices down in the UK.”, but also added: “I think in the UK there are some differences with the US. We are not as closed an energy economy as the US is.

“So I think we more closely track the worldwide gas price than the US does and we have less ability to detach ourselves from the worldwide gas price.”

The chancellor’s statement proves once more that relying just on fracking in order to bring down energy bills is not the best possible course of action. In fact, the best solution for saving energy and money on the long-term is the implementation of a system that would enable a higher level of energy optimization across the users’ households, and this is exactly where the HeatingSave system could help, given the fact that it allows home owners to cut energy bills by up to an impressive 30%+.

The system is built around the idea of optimizing the energy consumption levels within any area with the help of an advanced heat-loss algorithm that creates a specific profile for any building and based on that, switches heating on later if its warm and off earlier if its cold.

If you’d like to find out more information on the HeatingSave system and the way in which one can take advantage of it in conjunction with the Green Deal program, just contact our dedicated team, they’ll be more than happy to answer all of the questions and queries you might have.