The news that the UK energy price cap is to rise by £111 a year in April, translating to a typical annual household bill increase of 6% to £1,849, is bad news for homeowners but a potential area of opportunity for installer and fabricators.
While the price cap increase will have a greater impact on less affluent households, it is the third consecutive rise, which means average bills are now around 18% higher than last September, headline figures that may also resonate with consumers who do have the means to invest in energy efficient upgrades such as new windows and doors.
This latest price cap rise also coincides with a new report from Eurocell which reveals that over 56% of properties in England have below-average energy efficiency – a statistic that Eurocell says, presents a ‘major opportunity’ for retrofit project.
It is well known that the UK has a high proportion of older housing stock, but Eurocell’s report identifies 32 local authorities where more than 65% of properties have a below average EPC rating and a further 232 where 50% of properties have a below average EPC rating.
It also points to recent analysis by Oxford Economics that house buyers will look for ‘meaningful discounts’ on properties with poor energy performance – as much as £23,000 off an average house priced at £309,000.
According to Eurocell’s sales and commercial director, Gary Driscoll, this offers a ‘real talking point’ to homeowners, but adds that fabricators and installers need to work closely with supply partners to ‘capitalise on postcodes that are more likely to return projects’, including initiatives such as ‘Eurocell Grow’, that has been launched to help fabs gain a competitive edge in the market.
Click here to read the full story
Draughty homes an opportunity for industry
The news that the UK energy price cap is to rise by £111 a year in April, translating to a typical annual household bill increase of 6% to £1,849, is bad news for homeowners but a potential area of opportunity for installer and fabricators.
While the price cap increase will have a greater impact on less affluent households, it is the third consecutive rise, which means average bills are now around 18% higher than last September, headline figures that may also resonate with consumers who do have the means to invest in energy efficient upgrades such as new windows and doors.
This latest price cap rise also coincides with a new report from Eurocell which reveals that over 56% of properties in England have below-average energy efficiency – a statistic that Eurocell says, presents a ‘major opportunity’ for retrofit project.
It is well known that the UK has a high proportion of older housing stock, but Eurocell’s report identifies 32 local authorities where more than 65% of properties have a below average EPC rating and a further 232 where 50% of properties have a below average EPC rating.
It also points to recent analysis by Oxford Economics that house buyers will look for ‘meaningful discounts’ on properties with poor energy performance – as much as £23,000 off an average house priced at £309,000.
According to Eurocell’s sales and commercial director, Gary Driscoll, this offers a ‘real talking point’ to homeowners, but adds that fabricators and installers need to work closely with supply partners to ‘capitalise on postcodes that are more likely to return projects’, including initiatives such as ‘Eurocell Grow’, that has been launched to help fabs gain a competitive edge in the market.
Click here to read the full story
Glass Times
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