Heating control savings compensate for falling BP shares
Those who have pension funds or other investors must act now to make up for the falling BP share price. More than £56 billion has now been wiped off the company’s market value, since the Deepwater Horizon rig sank, killing 11 men and causing the huge oil leak on April 20. BP was, until this crisis, Britain’s biggest company. It made up 7 per cent of the FTSE All Share Index and paid out around 15pc of all the dividend income in Britain. If you have a company pension, it probably invests in a tracker fund. Three-quarters of funds in money purchase pension schemes are invested in trackers, totalling £8.2bn. If your fund tracks the FTSE 100, BP makes up around 6pc of it.
Replacing your central heating clock with a HeatingSave controller to fashion a Building Energy Management System is the quickest way of saving on energy costs and compensating for falling shares. The internal microprocessor constantly calculates, improves and adjusts the efficiency and savings of your central heating system. It often pays for itself in less than a year but almost always in less than three years.
It can be linked to PC software to see graphs of savings, carbon dioxide produced and kilowatt-hours used.