Britons losing £616 in energy costs due to lack of home improvements
Energy bills: Expert advises to 'close curtains' when heating is on
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Recent research carried out by MyGlazing.com found that households are throwing £616 “out the window” during the country’s ongoing cost of living crisis. This comes from failing to upgrade doors and windows to being more energy efficient, and now replacing faulty boilers or using heat pumps. According to the home improvements service, Britons could save a great amount of money on heating costs if they made these changes.
The UK is currently in the midst of an ongoing rise in the cost of living which is being partially caused by the hike in energy bills.
Russia’s illegal invasion of Ukraine and pressures within the wholesale energy market are resulting in gas and electricity prices going up.
Recently, the Government implemented its £2,500 price guarantee to help households with their energy costs.
However, this initiative is set to end in April 2023 despite being initially promised to last for up to two years.
As part of the energy price guarantee, the typical price of a unit of gas and electricity is capped which means a household with average usage will pay £2,500.
Households will now see their energy bills rise by around 27 percent from October 2022 instead of the expected 80 percent.
It should be noted that the price guarantee does not mean all energy bills will be capped. Instad, the average price of a unit of gas and electricity will be capped.
A recent survey carried out by MyGlazing.com highlighted the ways people in the UK are losing money by not making cost-saving home improvements.
Tom Butler, the head of sales at MyGlazing.com, broke down the dire situation facing many households across the nation.
Mr Butler said: “It goes without saying that, as a nation, we’re facing considerable challenges when it comes to the cost of living.
“Energy costs are soaring, so we feel it’s vital that all homeowners do get the true benefit of the heat they are paying for.
“One of the main culprits of heat loss is draughty windows or doors. If they are not in full working order, it could see up to 24 percent of heat energy escaping.”
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In the survey, 72 percent of homeowners shared that they want to make their home more energy efficient.
Of individuals polled who either have made energy efficient home improvements recently or plan to do so in the future, over half admitted to doing so to reduce energy bills.
He added: “In our recent research it is pleasing to see that so many homeowners are planning to make energy efficient home improvements in the near future, which we hope will see them all reap the immediate and long benefits.
“Even though the initial cost of some energy efficient home improvements can be costly, it has to be seen as an investment, as improvements can ultimately help you save money on your energy bills.”
As part of its survey of people across the UK, MyGlazing highlighted the top ten home improvements people are making to reduce their gas and electricity bills long-term.
These included:
- Replacing the boiler with a new energy efficient alternative
- Draught proofing
- Upgrading doors to be double/triple glazed
- Upgrading windows to be double/triple glazed
- Replacing all lightbulbs with energy efficient alternatives
- Install solar panels
- Lining the loft with insulation
- Install a heat pump
- Installing hot water tank insulation
- Installing cavity wall insulation.
The expert explained: “Ultimately, the importance of homes being energy efficient is only going to increase in the future, and our research shows buyers are willing to pay a considerable amount more for a property which has a lower carbon footprint.
“From reducing energy bills to increasing buyer appeal, green home improvements are an investment which homeowners shouldn’t overlook.”
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