Government Plans May Lead to a Potential Savings of £180 a Year for Renters in the UK’s Coldest Homes

This regulation will affect 290,000 properties (6% of the domestic market) and is expected to save renters an average of £180 a year.

Government Plans May Lead to a Potential Savings of £180 a Year for Renters in the UK’s Coldest Homes

The Government have announced today amended regulations for energy efficiency measures in privately rented homes. The amendment will require landlords of homes with an Energy Performance Certificate rating of F or G (the lowest 2 energy efficiency ratings) to contribute to the cost of energy efficiency upgrades and improve the ratings of these properties. Potential upgrades include: installing floor insulation, low energy lighting, and increasing loft insulation.

This regulation will affect 290,000 properties (6% of the domestic market) and is expected to save renters an average of £180 a year.

These measures will come into effect in 2019. So, what can renters do to save money on energy in the meantime?

  • Turn off all lights, appliances and electronics not in use.

A multi-plug power strip can help make this easier.

  • Keep as much heat in as possible.

There are many ways to achieve this including a temporary window "glazing" film; heat-retaining curtains; blocking all window and door draughts; and closing the door to any unused sections of your home.

  • Be smart with your cooking.

Make the most of your oven heat by cooking several meals at a time. In addition to this, leaving the door of your oven open after cooking may give off enough heat for you to reduce your thermostat temperature.

  • Pick an energy efficient rental.

Under UK law, most rentals must have an energy performance certificate, which rates the efficiency of the home on a chart. The higher the rating (with A being the highest rating), the more efficient the home, and the lower energy costs will likely be.

  • Put in a smart thermostat.

Benefits of a smart thermostat include: remote control from your phone (meaning you can come back to a warm home); smart heating controls that can learn your routine and make sure your home is warm when it needs to be; and they can allow you to heat specific rooms individually.

  • Switch energy suppliers.

Switching is incredibly easy and only takes a few minutes. According to Ofgem, switching energy can save you about £300. If your name is on a bill, and you pay the bill directly, it is generally considered that you are eligible to switch energy suppliers. That means you have the power to choose the supplier who can provide you with the best deal.

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