Could Energy Prices Rise by 25% in January? How Solar and Battery Storage Can Give You More Control?

Energy prices continue to be unpredictable, and recent forecasts highlighted by Martin Lewis suggest the Energy Price Cap could rise by around 25% in January.

The increase is not confirmed, but it is another reminder of how difficult it can be for households to plan their energy costs.

If a 25% increase were to happen, a household currently spending £1,000 on energy could potentially be looking at around £1,250 for the equivalent usage.

It is not just about finding a cheaper tariff

Shopping around and looking at fixed tariffs can certainly be worthwhile.

But there is another question homeowners can ask:

How much electricity do I actually need to buy from the grid?

This is where solar panels and battery storage can make a significant difference.

A solar PV system allows you to generate electricity from your own roof during the day. Adding battery storage means that excess electricity can be stored and used later, rather than immediately drawing electricity from the grid.

Depending on your tariff and system, a battery can also potentially be charged using cheaper off-peak electricity for use when grid electricity is more expensive.