๐๐ซ๐๐ง๐ญ๐ก๐๐ฆ ๐๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐ ๐๐๐๐ญ๐ข๐ง๐ ๐๐ข๐ฅ๐ฅ๐ฌ ๐ฌ๐๐ญ ๐ญ๐จ ๐ซ๐ข๐ฌ๐ ๐ญ๐จ ยฃ๐๐,๐๐๐,๐๐๐ ๐ข๐ง ๐๐๐๐
March 20th, 2022
The Energy Bills of every Grantham resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.
So, what can Grantham residents do to reduce their energy consumption and ultimately save money?
Firstly, letโs look at the scale of the costs.
Considering the increase in energy prices from April, the combined energy bills for the whole of Grantham come to
- ยฃ28,327,920 for central heating
- ยฃ5,679,914 for hot water
- ยฃ3,086,735 for lighting
There are extra energy costs for washing, fridges, etc., yet I wanted to focus just on the home as this is a property blog.
Everyoneโs bills will be around 50% more expensive in 2022 than in 2021, but itโs not too late for Grantham people to take some quick steps to cut their energy bills and, at the same time, cut our carbon footprint.
Just over a quarter of the UKโs carbon comes from heating and lighting our 27.6 million homes, and each UK home produces
4.39 tonnes of Carbon Dioxide a year
Upgrading the energy efficiency of UK homes is seen as a vital step to attempting the mitigate the issues of climate change, fuel poverty, and our nationโs energy security.
So, what are some quick wins for Grantham residents to reduce their energy bills on their homes, and how will energy efficiency play a more significant part in the value of Grantham homes in the future?
- Turning down the thermostat by 1 degree, the average saving would be ยฃ105.91 per home, and each homeโs carbon dioxide would be reduced by an eighth of a tonne (it all adds up!).
- Replacing your bulbs when you can with energy-efficient bulbs will, on average, reduce your lighting costs from ยฃ172 per year to ยฃ103 per year.
- What time does your heating come on and off? Could it come on later and go off earlier?
- Smart meters (which are installed free) are estimated to help lower the UKโs homesโ electricity use by nearly 3% and gas use by 2% ..again itโs all margin gains.
These are just a handful of ideas. Check out the internet for others as itโs fascinating how much energy we use for overfull kettles, chargers left on and tech on standby, etc.
Yet, these things will only scratch the surfaceโฆ many of us will need to go further, especially Grantham landlords, to retrofit our properties to make them more energy-efficient.
This is particularly important as in June; the Government announced they would make the country carbon neutral by 2050, meaning Britainโs homes need some enormous retro-fitting to meet these ambitious climate targets.
In 2018, the Government required private landlords to improve the energy rating of their rental properties by prohibiting the rental of any property with an Energy Performance Rating (EPC) of F and G (the lowest ratings). Yet from 2025, it is proposed that will be increased to C for all new tenancies and 2028 for all existing tenancies (more of these EPCs below).
I donโt believe there is an appetite to mandate private homeowners to do this work, though you never know in the future?
๐๐จ, ๐ก๐จ๐ฐ ๐๐จ ๐ฒ๐จ๐ฎ ๐๐ข๐ง๐ ๐จ๐ฎ๐ญ ๐๐๐จ๐ฎ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐ง๐ญ๐ก๐๐ฆ ๐ก๐จ๐ฆ๐โ๐ฌ ๐๐๐จ-๐๐ซ๐๐๐๐ง๐ญ๐ข๐๐ฅ๐ฌ?
Since 2007, every new home that has been built, rented out or put on to the market in Grantham has had to have an Energy Performance Certificate (EPC), giving it a rating between A and G (rather like those stickers you see on Fridges and Washing Machines).
A is the highest rating (ie best Energy Efficient and Greener), and G is the worst Energy Efficient rating.
39.2% of Grantham homes are in that eco-friendly A to C Energy Performance banding ratings, compared to the national average of 40.1%
So, what next? Well, the Government will attempt to make the green revolution as painless as possible with technology.
In the future, we might have hydrogen central heating instead of mains gas; or have solar panels for electricity, all triple glazed windows, and even ground sourced heating โ sounds fanciful? Well, who would have thought some of the most wanted cars would be electric 20 years ago?
There is no doubt that energy efficiency will rise in the coming years for our homes as the cost of fuel increases and peopleโs opinion on going green changes.
You donโt need to spend thousands of pounds to find out what you can do to make your property greener and cost less. Look at your EPC certificate, and it will tell you what small changes you can make to improve your Grantham homeโs energy efficiency rating and ultimately save yourself money. If you want to find the EPC rating of your Grantham home, go to epcregsiter.com.
If you need an EPC certificate, drop me a line and I will share it with some great local energy assessors that can easily do an EPC on your property at a price that wonโt cost the Earth!