Will the Government Set Household Efficiency Targets?
If the government introduced policies to increase investment in programmes to boost the energy efficiency of homes, such as insulation, households would save up to £270 a year on average, according to a recent report.
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The authors of the report, who are experts from the Centre on Innovation and Energy Demand and the UK Energy Research Centre, believe the government needs to set long-term efficiency targets that are consolidated by regulations and public investment.
Between 2004 and 2015, incentives to provide households with energy efficiency measures – such as efficient light bulbs, better insulation, and windows form Double Glazing in Gloucester companies – have cut the cost by one-fifth, with the average dual fuel bill reducing by £490.
Research from the Association for the Conservation of Energy has found that these programmes are being reduced, however, with a 75 per cent fall in the number of households assisted in installing energy efficiency measures between 2012 and 2016.
The conclusions of the report highlight that much more can be done to improve energy use; with greater investment, we could see it fall by one-quarter by 2035.
With an £85bn investment up to 2035 in measures such as cavity wall insulation and products from companies such as https://www.firmfix.co.uk/ the total benefit to society could be as much as £7.5bn more than the implementation costs.
On top of this, we could see a further £47bn of benefits, including a reduction in cold-related illnesses dealt with by the NHS and a reduced investment in the country’s electricity network.
Demand for household energy could fall by as much as 50 per cent by 2035 if investment is made in all the feasible energy-saving measures, such as heat pumps and solid wall insulation; however, the report’s assessment is that this is not a cost-effective approach at present.
The authors of the report see that there is still significant opportunity to further reduce our energy use and that this needs to be one of the government’s priorities.
An example of this could be introducing a policy that prevents homes being sold unless they have a certain level of efficiency. This should not be left solely to the home owners; instead, the right measures need to be in place to support them.