Featured Articles

Wind Farms Make Profit Thanks to Subsidies

According to new industry figures, generous subsidies combined with very high prices for electricity and oil have helped onshore wind farms turn high profits, with a single wind turbine capable of generating around £500,000 of profit per year. Heating Centrals expert plumbers and heating engineers that specialise in renewable technologies have commented that a typical 2 megawatt turbine can generate power worth approximately £200,000 on the wholesale market. In addition to that, the plumbers and heating engineers we surveyed, estimate that the government provides a subsidy of £300,000. Large wind turbines of that size cost approximately £2m and last around 20 years which should give a steady profit after the payback period of 4-5 years. According to leading heating and plumbing engineers, the attractive economics have helped launch many new wind farms around the country. However, some heating engineers argue that wind farms are not necessarily provide ...
more Wind Farms Make Profit Thanks to Subsidies

Cost of Heating to Rise Again

British Gas has announced today that gas and heating fuel bills are likely to rise again as its profits are squeezed by higher gas and power prices. Centrica, the owner of British Gas, said it would take “action to deliver reasonable margins”.British gas has explained it was reacting to wholesale gas prices increase of 92% from a year earlier, with the wholesale electricity costs doubled during the same period. The company added that its profits would be materially lower in the first half of 2008 despite the price increases of retain gas for domestic heating and cooking.In January 2008, British Gas has increased gas and electricity bills by an average of 15% due to rising wholesale prices.Average household bill for heating is now estimated to rise by about 10% (roughly £105), by late summer with an additional hike of 15% (roughly £173) in January 2009.Energywatch, the industry watchdog, said that if British Gas raises prices, other energy suppliers are likely to ...
more Cost of Heating to Rise Again