The awarding body for grants in Ireland is the Sustainable Energy Authority of Ireland (SEAI).
Click this link for more details.
GRANTS
Grants are great when they are available. However in their absence, it is still important to look at sensible heating system enhancements and upgrades.
WHY?
Gas and kerosene suffer similar price fluctuation issues.
If we look just at kerosene, the purchase price is subject to market fluctuations. Knowing how these might be a factor is important.
PRICE RISE INFLUENCING FACTORS
Kerosene is a crude oil product and is traded as a commodity on world markets
Crude oil is sold in US$. A strengthening dollar Vs € increases our prices
Market speculation of oil and currency traders can push and pull prices
International demand from accelerated growth of developing countries forces prices up
Reduced areas of oil exploration force more costly oil extraction – fracking and deep sea. These methods cost more and push prices up.
International conflicts in oil producing areas reduce supply negatively affecting our purchase price
Local demands in Europe during particularly cold winters have a supply Vs demand price increase knock-on effect
Government imposed carbon tax is a percentage of our purchase price per litre – the increase in oil price has a significant affect on the amount of tax payable on a tank of kerosene
WHICH MEANS
The above factors shows how dependent we are on outside factors
It makes perfect financial sense to both reduce our dependency on fossil fuels and increase how efficiently we use these once in our homes
Solar is a big part of this concept
Efficient heating use is also a big part of this
Controlling how much heat we require, when and where in the home can significantly reduce our spend while giving exactly the ambient temperatures we require
DID YOU KNOW?
In 2008, crude oil was trading at US$140 per barrel.
The global financial meltdown reduced the demand in industry and developing economies.
The price dropped to US$40 per barrel
This highlights the inconsistency of pricing
In 2017, crude oil is at a low
This market is controlled by the release of barrels per day and we can see a consistent annual price rise developing in the near future
