Is There A Way To Get Cheap Electricity?

Business

  • Author David Khan
  • Published July 6, 2011
  • Word count 521

Electricity is one of the integral components of our lives now. Government and energy producers are both working simultaneously to provide cheap electricity to the consumers. Everyone is fretful from the high electricity bills, whether it's an individual household or a high consumer of a large production house. Preventive measures have been taken at the consumer end for the efficient use of the electricity. This is not only to avoid the hassle of high bill payment, but also to save the world by cutting down the effects of global warming. But there is one question that always floats in consumers' mind, is there a way to get cheap electricity?

Scientists are continuously putting their efforts to get cheap electricity. Different forms like solar, nuclear, wind energy are being experimented to get environment friendly and cheap electricity. The nuclear energy is a renewable form of energy, which contributes around 15% in the global electricity production. According to the UK energy experts, new nuclear power plants have been installed in the UK and more plants are due in 2017. This nuclear energy will not only provide the cheap electricity supply, but will also contribute in low carbon emission in the future.

Energy generation through nuclear power plants is a macro-level production of the electricity, but the scientists are working to get cheap electricity at an individual household level too. One of such contributions is the mini-waterwheel system, which can generate enough electricity to run a house. This mini-water wheel is capable of supplying cheap electricity, rather free electricity from even a 20cm waterfall. This system is potentially beneficial for thousands of households in the UK to get cheap energy. It can generate 24 kilowatt-hours of energy in a day. Customers only have to bear the cost of generator installation once and then they can easily enjoy the generation of cheap electricity.

For the provision of cheap electricity, the government has deregulated the electric supply sector in 1999. The monopoly has been brought to an end and suppliers got the chance to compete with each other having different prices and services range. The main idea behind it was to promote competition among the suppliers, which ultimately benefits the customer to get efficient electricity bills. This cause around 10 to 20 percent fall in the price range for the customers. Deregulation policy played a huge part in offering cheap electricity to the customers.

As a result of the deregulation in the electric supply, a frequent switch in suppliers by the consumers has been observed. Customers now choose efficient suppliers for their energy supply. According to some reports, 50% people changed suppliers since the announcement of the deregulation policy. There are also many online websites registered now, in order to help the consumers to switch to most efficient electricity suppliers in accordance with their needs. These websites help the consumers to get the cheap electricity suppliers by proving them comparative price analysis. Consumers can get cheap electricity easily by picking the right suppliers for them.

Global Price hike in energy sector causes trouble to the customer to get cheap electricity. But government as well consumers' right decision can make them have cheap electricity.

If you require cheap electricity please look no further than First Utility one of the UK's leading energy suppliers for all your energy needs.

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