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A stock market investor took to social media to share the vast benefits of renewable energy, namely solar panels. His electric bill dropped 71% in the week that began on 10 March compared to the same time last year. He is likely to save even more as fossil fuel prices surge because of the war on Iran, given gas largely sets the price of energy bills.
Two weeks ago we had solar panels and a battery fitted. We have just completed our first full week with the system.
Our electric bill for the week commencing 10th March 2026 compared to the same week last year has dropped by 71% from £31.71 to £9.05.
We also have not received… pic.twitter.com/lqRtuI35X5
— Justin Waite (@SharePickers) March 21, 2026

The issue is low income people do not have the disposable cash to install a solar panel and battery system, which can cost £8,000 to above £14,000. And the Labour government is predominantly letting the market solve the energy and climate crisis, rather than taking an active and strategic state investment approach.
In Green party leader Zack Polanski’s first economic speech, he pointed to Spain as an example of a country that has “doubled” its renewable energy capacity:
Spain… has doubled its wind and solar capacities since 2019, taking it from having some of the highest energy bills in Europe to some of the lowest. Other countries have been able to learn the lessons from previous crises and prepare – why is our response so weak when disaster strikes?
Spain’s investment in renewables means that gas set the price of electricity just 15% of time, compared to 89% in Italy and around 66% of the time in the UK. The FT further notes:
Spain’s average electricity price for the remainder of this year is forecast at about €66 per megawatt hour, or half the level of Italy’s.
Meanwhile, the fossil fuel industry and many politicians want to take us into the past with increased fossil fuel usage. Labour MP Henry Tufnell, writing in the Sun, called for ministers to scrap the ban on new North Sea drilling – over 90% of which has already been used up. He attempted to reverse reality, saying that the move away from fossil fuels is “impoverishing our communities”.
Big Oil has long propagandised against renewable energy, despite its own reports from 70 years ago predicting the dangers of climate change.
While the war on Iran is a catastrophe, it is highlighting the benefits of renewable energy.
In 50 years burning fossil fuels will be looked on as being as ridiculous as burning candles for light is now.
It is stone age technology, expensive, polluting and inefficient.
— BladeoftheSun (@BladeoftheS) March 22, 2026

Quite.
Featured image via the Canary
£9 for a weeks electricity is still too much.. A combination of an export tariff, plus an EV import tariff allowing battery charging for 5 night hours at about 7p/kWh, and export of surplus energy at 16p/kWh whenever the battery is full and panels are generating, and taking care not to exceed inverter capacity by not putting the kettle on at the same time as the oven, or the washing machine, has netted me over 5% Return on capital pa (on initial Investment of £14k) since installation mid 2020.. My annual electricity bill is currently £500, of which unavoidable government-imposed daily standing charges amount to £250 – HALF THE BILL (VAT included). That’s a weekly average consumption of £4.80. The government could and should finance this (and the required grid infrastructure) for social housing. The social benefit and money saved by tenants would go straight bsck into their local economies, reducing fuel poverty, benefiting local shops and small (taxpaying) businesses, increasing tax receipts. Government were MAD not to do this years ago but as they insist on sticking to their ridiculous household analogy, they claim they “can’t afford it”. That’s a neoliberal lie. https://www.taxresearch.org.uk/Blog/2026/03/23/neoliberfal-economics-is-fiction/
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