The importance of insulation in reducing fuel bills
Responding to the news of the proposed energy price cap the National Insulation Association (NIA) is advising that there is still more than can be done to reduce fuel bills and help the most vulnerable households, especially those in fuel poverty.
New analysis released by the Big Deal collective switching site, shows that customers on standard deals with the big six energy providers can pay as much as £225 more than their cheapest deal. It is estimated that there are 8m households on a standard variable tariff that have been with the big six for more than three years.
The NIA says that whilst the price cap will help many people it is important to stress that energy efficiency upgrades to homes can also make a real difference. For example a study by UK Energy Research Council (UKERC) published this year highlighted that improved energy efficiency since 2004 means that the average dual fuel household bill was £490 lower in 2015 than it otherwise would have been but more still needs to be done.
Insulation has a Key Role to Play
Therefore insulation has a key role to play in helping to reduce future energy costs and the NIA is keen to continue to raise awareness of the huge savings householders can make by simply improving their home insulation. In fact insulating solid walls can save as much as £455 per year.
As well as the price cap the Government have recently launched its clean growth strategy that marks out investment in energy efficiency including insulation which will help; provide economic growth, reduce carbon emissions, tack fuel poverty, reduce energy bills and create jobs – The NIA welcome this move.