"The escalation of the US-Israel war with Iran has triggered a 'huge jolt' in consumer behaviour, with demand also rising for heat pumps, electric vehicles and home charging systems."
"We're seeing people say, 'we've just got to do something about it', as households look for ways to reduce reliance on grid energy and protect themselves from future price shocks."
"The data suggests a significant shift in consumer sentiment, with energy security and cost control becoming key drivers of purchasing decisions."
"The trend highlights a growing recognition that renewable technologies offer not only environmental benefits but also financial resilience in a volatile energy market."
Octopus Energy reported a 50% increase in solar panel sales as households respond to rising energy prices from the Middle East conflict. Chief executive Greg Jackson noted a significant shift in consumer behavior, with increased demand for heat pumps, electric vehicles, and home charging systems. Concerns over future energy costs are driving this trend, as wholesale oil and gas prices rise. Jackson warned of likely energy bill increases from July, prompting households to seek ways to reduce reliance on grid energy and enhance financial resilience.
Read at Business Matters
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