Posts tagged with "utilities"

It Is Time to Rethink the Services You Use

People everywhere are rethinking how they consume entertainment and utilities in their homes. With the variety of services now available to homeowners, it is important to know what the options are. Many companies are producing new products that provide solutions beyond traditional services. Today you can find more personalized and cost-effective solutions as a consumer than ever before.

Utilities

The renewable energy options available for residences are changing the way people think about their energy consumption. Traditional means of providing energy to a home by gas or electricity companies are no longer the only cost-effective energy solutions. Renewable energy resources such as solar panels are readily available for residences. These can help support or sustain a home’s energy usage. Residential internet options are now more varied than they have ever been. Companies like Starry are providing next-gen home internet services in Los Angeles and other major cities. Consumers using these newer services are finding that high quality does not require high cost.

Entertainment

In-home entertainment is much more than the typical cable or satellite television. There are a variety of streaming services that offer many entertainment options. Today’s consumers are mixing and matching services to get exactly what they want while still saving money. Television isn’t the only form of entertainment with a variety of ways to consume. There are services to rent and stream movies, video games, and even local TV. With so many options on the market, you can customize what you have available in your home and ensure you always get to see and do what you want.

Security

A professional home security system and monitoring may be the best way to protect your home, but the options available for homeowners are more varied than ever. Smart home products such as doorbells with cameras, smart door locks and garage door openers are changing the home security game. These can often be monitored by the homeowner or combined with professional monitoring services for a more comprehensive solution. Assess your security needs and find the most cost-effective solution with the help of Locksmith Salem to keep your home protected.

Advances in technology and services that are readily available are helping homeowners make better choices about how they spend their money and what they choose to consume. People are finding personalized solutions for their homes that are benefiting their wallets as well as the environment. Take the time to look into the variety of services available and find your new favorite.

UK Households Spending More Than They Earn

  • UK cost of living for a four-person family is £60,000 per year – 103 per cent of average household income
  • UK housing and utility costs have risen by 13 per cent1
  • The global study found the most affordable expat country for families is Sweden

Today, new research by leading price comparison website MoneySuperMarket reveals that the UK is the most expensive location to raise a family. The running costs associated with a four-person family in the UK exceeded those of Spain, USA, Germany and Sweden due to the high costs of rent, utility bills and groceries2.

The data is based on the average monthly cost of property, utility bills and grocery shopping for a family with two children in 10 locations. These locations are some of the most popular destinations for the British public to emigrate to. MoneySuperMarket also ranked the costs against the countries’ average full time salary, to reveal the percentage of salary two working adults must put towards household expenses. In the UK, the average cost of a four-person family is more than twice the combined total of two adults’ salaries4.

Popular expat destinations with lower living costs

With lower utility bills (£94.41 per month), heavily subsidised pre-school costs (£230.34) and a standard average monthly rent of £1,149.40, Sweden is the only country analysed where a single parent can comfortably afford to have two children, working out as 87 per cent of the average working salary5. Based on two adults with two children it’s even more affordable, eating into less than half (43 per cent) of the combined salaries.

The full ranking of the affordable global cities to raise a family, including a breakdown of all metrics, can be seen below:

Global cost of raising a four-person family

Changing costs over time

On average, the weekly food shop has lowered in price for families over the last 16 years, from £236 to £232. However, spending on both housing and utilities, and household goods and services, has increased by 11 per cent overall. In 2001, the average monthly cost of housing and utilities per person in the UK was £277.77, but by 2017 this figure had risen by 13 per cent to £314.82. Due to these rises, the cost of raising a family in the UK has become more expensive.

For more information on the most affordable countries to move to, check out the MoneySuperMarket report around the changes in UK household spending over time.

ABB rings NYSE closing bell

To celebrate the recent closing of the acquisition of GE Industrial Solutions, ABB CEO Ulrich Spiesshofer rings the closing bell at the New York Stock Exchange on Friday, July 13, 2018, along with Greg Scheu (far left), President of ABB’s Americas Region; Tarak Mehta (sixth from right), President of ABB’s Electrification Products (EP) division, Stephanie Mains, Managing Director Electrification Products Industrial Solutions (sixth from left) and other members of the ABB team.

ABB’s completion of the acquisition of GE Industrial Solutions (GEIS) on June 30, 2018, strengthens the pioneering technology leader’s global #2 position in electrification and expands ABB’s access to the North American market. The $2.6 billion acquisition brings the total value of ABB’s investments in the United States to $14 billion since 2010, and complements the company’s leadership in fast-charging solutions for e-mobility.

ABB is the title sponsor of the ABB FIA Formula E Championship, the world’s first fully electric international FIA motorsport series, which is holding the two final races of the season in New York on July 14 and 15. The Championship serves as a competitive platform to test and develop e-mobility-relevant electrification and digitalization technologies.

ABB Ltd, the parent company of the ABB Group, is listed on the SIX Swiss Exchange in Zurich, the NASDAQ OMX in Stockholm and the NYSE in New York.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com