The cost of energy bills can vary hugely depending on your property’s EPC rating. An energy performance certificate (EPC) measures the energy efficiency of a property. A is the most efficient rating, and G is the least. A recent study [1] has emphasized the difference that a good rating makes. For a three-bedroom house, average annual energy bills could be anything from £508 (A rating) to £5,674 (G rating). The most common EPC rating in the UK is a D, with bills averaging £2,340.
There are several things you can do to improve your home’s energy efficiency. Some of the most affordable include replacing your old-fashioned incandescent light bulbs with compact fluorescent lamps or LED bulbs, installing loft insulation, and insulating your hot water tank.
[1] Rightmove, 2024
🚨 Data accurate as of the date of publication – 29.11.2024
🚨Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q4 2024
