What Is The Average Energy Bill In The UK?

What Is The Average Energy Bill In The UK?

Whether you want to cut down on your energy bills or lessen your carbon footprint, many of us are considering how to make more environmentally friendly choices at home. Energy consumption and the carbon emissions of a property are evaluated through its Energy Performance Certificate, which is rated on a scale from A to G.

What are the current energy bill rates?
Our latest analysis of recently listed properties for sale and rent indicates that more energy-efficient homes tend to have lower average annual energy bills. For instance, a 3-bedroom semi-detached house with an energy efficiency rating of D has an average monthly energy bill of approximately £193, totaling around £2,311 per year.

Where can I find the average energy bill for a property?
You can check a home’s Energy Performance Certificate (EPC), which includes an estimated annual bill for heating, lighting, and hot water. This estimate is based on the property's condition at the time of the assessment. For example, if older single-glazed windows were replaced with new double glazing after the certificate was issued, that improvement wouldn’t be reflected until a new certificate is created.

Typically, the EPC also lists recommended home improvements, detailing how many points these upgrades could add to your energy efficiency score and the potential savings on your bills.

Keep in mind that a household's energy consumption can vary based on factors like lifestyle, the number of occupants, and the initial energy efficiency of the property.

Why do homes with higher EPC ratings have lower average energy bills?
A more energy-efficient home requires less energy to perform the same tasks compared to a less efficient one. Consequently, homes with lower energy efficiency ratings consume significantly more energy for heating and lighting, leading to higher energy bills and increased carbon emissions.

Many homes in the UK were constructed decades or even centuries ago using older materials and technologies, which is why the average energy performance rating is a D.

By making improvements that enhance your home’s energy efficiency, you can save money on your bills while also reducing the amount of carbon dioxide emitted. Currently, Office for National Statistics (ONS) data indicates that approximately 26% of the UK’s greenhouse gas emissions originate from residential properties.

How can I make my home more energy efficient?
If you’re considering significant changes to make your home greener, you might want to explore retrofitting options, which could include installing solar panels, adding triple glazing, enhancing insulation, or switching to a heat pump. These improvements are often recommended in energy performance certificates, and investing in them can help boost your home’s energy rating.

While the initial costs can be a hurdle for many households, the long-term benefits often outweigh these expenses, including:

A lower carbon footprint:
Decarbonizing your home’s heating source or reducing reliance on fossil fuels will significantly decrease your home’s emissions.

Reduced energy usage:
Our energy-saving guides provide information on the costs of various upgrades and the savings you can expect on your bills.

A potential ‘green premium’ that could increase your home’s value:
Analysis shows that sellers who improve their EPC rating from F to C could see an average increase in property value of nearly £56,000, in addition to local house price growth (Rightmove Greener Homes Report 2023). If you’re interested in assessing your home’s value, you can get an Instant Valuation to see an estimate in just seconds.

Additionally, there are grants and programs available, such as the Great British Insulation Scheme and the Boiler Upgrade Scheme, which can assist with a portion of the costs associated with green improvements.

What could happen to energy bills in the future?
For the period from October to December 2024, the price cap has risen to £1,717, which is £149 higher (10%) than the previous quarter's cap that was effective from July to September.

According to Cornwall Insights, an organisation that forecasts energy prices, energy costs may increase again under the January 2025 price cap. The next update regarding the price cap is expected to be announced in November.

However, future price cap predictions may fluctuate due to the volatility of wholesale gas prices, which can be influenced by global events and subsequently impact the energy market.



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