In the recent months since the world has started returning to normalcy and recovering from the COVID-19 pandemic, fuel sources and resources such as electricity, coal, and natural gases are also experiencing a sharp surge in prices.
In other parts of the world like Europe, there were reports of gas and electricity prices rising threefold, where more than 30 energy providers in the United Kingdom ceased their operations – posing a serious energy crisis. While the simple explanation for the surge is due to the rise in demand and the lack in the supply of resources, the issue is much more complex than you might think.
The COVID-19 Pandemic Lockdown
To say that the lockdown had a profound effect on the energy industry would be an understatement. As businesses ceased their operations during the lockdown, the demand and supply of energy resources dropped significantly. However, when restrictions were eventually lifted, many suppliers were unable to cope with the large increase in demand for gases, coal, and electricity while businesses resumed.
Government Interference
This energy crisis is further complicated by other socio-political factors such as governments passing new bills and laws inhibiting the creation or transportation of gas and oil. Large corporations are also advocating for a shift toward green energy. Therefore, suppliers are unable to make accurate predictions on the demand for different types of energy or simply are blocked by the new bills and laws.
Lack of Consistent Energy Supply
Today, suppliers and companies are moving towards greener forms of energy generation. While these are more sustainable ways of generating energy, the outputs are inconsistent, unreliable, and subjected to natural climate variability as well as climate change. This could have serious implications for the supply lines in meeting the demand for energy needs.
Finding an Energy-Efficient Heating System
Do you know that the heating system in your property makes up 42% of your utility bills? That is why searching for an energy-efficient heating system should be your main priority to cut down on unnecessary costs. In many cases, systems that are more efficient in energy output have a higher initial cost but tend to even out or outweigh the benefits of some other less energy-efficient counterparts in the long term.
If you are looking for cost-effective, energy-efficient alternatives to your energy systems, look no further than Alternative Heating Systems, where you get access to an excellent range of premium-quality heating solutions.
For more information about the products we offer, please feel free to contact us at (717) 987-0099 today!