What will the impact of Trump’s tariffs be on energy prices?

It’s Monday 7th April and stock markets around the world have tanked in the aftermath of President Donald Trump’s announcement of new tariffs on imports to the United States. The UK is included but at only the minimum handed out of 10% compared to the EU’s 20%, and others being hit far worse.

However, stock markets across the globe have reacted badly to the news, including in the US itself, wiping trillions off the value of stocks and shares. Even on a sunny day, the renewables market will have to weather this storm along with the rest.

For most of us, the impact on energy prices is where we could feel it most, at a time when energy bills only seem to go up. Whilst the price of oil could see lower prices at the pump for petrol and diesel car owners in the next few weeks, we’ll all be watching to see if the tariffs lead to inflation and an increase in energy prices.

Those with renewable energy powering their homes with PV solar panels, heat pumps and/or battery storage, the forecast for at least for the next week is positive with sunny skies meaning they are exporting their excess generation of power to the Grid.

For those considering the investment in renewable energy for your home or business, now is a good time…although there doesn’t seem to be a bad one?

Speak to Tewdric Energy today about how solar energy and battery storage can be the right investment for your home or business.