The Cost Of Your Utility Bills Is Going To
Rocket
The cost of all
utility bills (water, sewage, gas and electricity will rocket in the next ten
years. Be prepared to pay a good deal more for these services than you pay
now.
Gas and electricity bills will soar because the price of energy will
go up. And because our infrastructure providing us with these things is old,
falling apart and totally inadequate.
The amazingly stupid decision by
the Germans to abandon their nuclear power means that the price of natural gas
must soar. There is absolutely no chance whatsoever of the Germans (or anyone
else) obtaining all the electricity they need from windmills, wave power or the
sun.
Because it has turned governments away from nuclear power, the
Japanese nuclear disaster will add thousands of pounds to the average annual
energy bill.
Water and sewage bills will soar because our infrastructure
in these areas was built in Victorian times and is now in need of repair. A
conservative estimate suggests that bringing the system up to date will cost
around £100 billion. The real cost will, of course, be considerably higher.
Until the improvements are made, huge amounts of money will have to be spent on
keeping the systems working. Once the improvements have been made, huge amounts
of money will have to be spent on servicing and repaying the related debt.
Global water shortages won't help the price problem, either.
Finally,
costs of all services will rise because new EU regulations require water to be
treated in a more energy efficient manner in the future. Sadly, the more energy
efficient treatment programmes are less acceptable from an environmental point
of view. But, hey, the EU will doubtless introduce a new system of fines to
ensure that the industry pays extra for adopting the required new techniques.)
These new treatment programmes will also result in more expense and, in the
medium-term and long-term, much higher bills.
The shortage of energy
supplies, combined with the constant introduction of new EU laws, mean that
utility bills will soar.
Anyone who has difficulty paying utility bills
now should perhaps consider downsizing to a smaller property.
Prices are
going to go up a good deal. They will never come down.
If you find it
difficult paying gas, electricity and water bills now then I believe you will
find it much more difficult next year, much more difficult the year after that
and ever more difficult with every succeeding year.
Wages and salaries
aren't going to rise to match inflation.
But utility bills are going to
exceed inflation.
Copyright Vernon Coleman 2011
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