Study shows energy prices more of a concern than rent

Study shows energy prices more of a concern than rent

‘Improving energy efficiency can help to reduce extortionate energy prices, but generating your own energy can eliminate them altogether’, according to industry expert.

With people across Europe now more worried about energy bills than paying their rent or mortgage, industry experts say that the time has come to ‘commit fully’ to sustainable, cost effective alternatives for residential properties.
According to a recent study carried out by DIY retail group, Kingfisher, two thirds (65%) of the 17,000 homeowners asked said that energy bills were their number one worry for the future, and nearly a third have said that improving the energy efficiency of their home is a top priority.
Industry experts, Flogas Renewables, say the figures reinforce the need to make renewable energy more accessible to homeowners across the UK; simplifying the planning permission process, making installation and maintenance cost effective and ensuring return on investment is maximised.
David Taylor, from leading renewable systems distributor Flogas Renewables, said: “With so many people in fear of the ever rising energy prices, the time has now come to take action and find alternatives. Improving energy efficiency can help to reduce extortionate energy prices, but generating your own energy can eliminate them altogether.
“There are now a range of renewable energy systems available and new technology has allowed manufacturers to develop products to suit a variety of locations, making them ideal for homeowners across Europe.”
But the renewables expert went on to warn that if alternative solutions – including solar and wind power – are going to make a real difference, the government needs to commit fully to its green targets.
The survey findings follow reports from the Energy Ombudsman that complaints to energy companies more than doubled in the first six months of this year, with 84% of them related to energy bills.
Future price predictions are also adding to customer concerns as regulator Ofgem recently estimated that the big six energy firms are set to double their profit margins in the next year. The industry has hit back at the claims, but still faces an inquiry from the Competition and Markets Authority this year, as well as an increasing amount of backlash from their customers.
Taylor continued: “We use energy every day in our households, which explains exactly why people are increasingly concerned of spiralling costs. Generating your own power eliminates these types of worries, and in a climate where there is little competition keeping the energy providers in check, we need to start positioning ourselves as a viable, sustainable, cost-effective alternative.”

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