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Energy inefficient homes will cost the nation £3.8 billion

2024-11-27 12 Dailymotion

People living in energy-inefficient homes could pay an extra £299 on bills this year - a collective £3.8 billion across the country.<br />Economics consultancy Cebr, working with B&Q and Screwfix owner Kingfisher, studied the energy performance of properties with an EPC rating below C.<br />Older generations are hardest hit, with 60 per cent of over 65s living in inefficient homes – amounting to an extra £256 in annualised energy bills compared to under 30s at current prices.<br />The study also revealed over 65s are spending the highest proportion of their money on energy bills of any group.<br />Meanwhile, a survey of 3,000 adults found younger generations are the most likely to be aware of their home’s efficiency and planning energy efficiency improvements. 83 per cent of 18 to 34-year-olds are looking to invest in efficiency upgrades in the next five years.<br />Thierry Garnier, Kingfisher CEO, said: “Too many UK households are still paying higher bills due to energy-inefficient homes, especially those who can least afford it.

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