With wholesale energy prices reaching their highest level in almost four years, it is deeply concerning that households are facing a difficult winter of higher energy bills.
This sharp increase once again highlights the urgent need to reduce the UK’s reliance on volatile fossil fuel markets and upgrade UK homes with insulation and low carbon technologies that will shield households from future price shocks.
Our recent report, ‘Flexible Futures’, found that heat pump users on smart tariffs can save around £330 a year on average, while households using a combination of low carbon technologies can cut heating costs by up to 80% compared with gas alone.
Now more than ever, the UK Government must accelerate delivery of the Warm Homes Plan to strengthen our energy security, reduce carbon emissions and permanently bring down bills for households.
