Following the trend of declining energy consumption since 2005, consumption in 2007 was down 3%. Both the gas and electricity sectors reported considerable usage decreases, with a 4% decrease in gas consumption and a 3% decrease in electricity consumption. Government mandates call for a continued downward trend in energy usage each year.
One of the most difficult challenges for the fuel markets is to balance the move toward greener energy with the financial burdens placed on customers. Fuel prices have reached some of their highest levels in recent years, and some consumers have struggled to keep up with the escalating costs. This comes in the midst of one of the shakiest economic periods in recent history. Statistics reveal that in 2006, 3.5 million UK households were in fuel poverty, and 2.75 million of these were classified as vulnerable households. Fuel poverty households spend greater than 10% of their total income on fuel to keep their homes warm. Final reports of fuel poverty households for 2007 and 2008 have not been finalised, but estimates are that the increases in fuel poverty households were .7 million in 2007 and .5 million in 2008.
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