Landlords urged to fight rising energy prices

A body representing private landlords has urged its members to take advantage of government schemes to improve energy efficiency to counteract hikes in fuel prices.

 

The National Landlords Association said landlords should seek to use the green deal scheme to cut energy bills.

The call comes in response to the latest price rises from energy companies. British Gas has raised prices by an average of 6 per cent, and Npower has announced average rises of 8.8 per cent for gas and 9.1 per cent for electricity from 26 November.

David Salusbury, chairman of the NLA, said: ‘The energy company price rise is now a twice-yearly affair and naturally a cause of concern for many. Landlords looking to help their tenants reduce their energy bills should take advantage of the green deal.’

Under the green deal householders will be able to get work done to improve the energy efficiency of their home without paying upfront. The costs of the work will be met by a ‘green deal provider’, which will recoup its investment, with interest, from repayments linked to the fuel bill savings.

The green deal ‘golden rule’ states repayments must not exceed fuel bill savings.

A £1.3 billion a year pot funded by energy companies, the energy company obligation, will subsidise some measures that would not otherwise meet the golden rule.

The green deal was due to launch this month, but is not yet open for business. Assessments of work to be carried out under the green deal can take place, but no equipment will be installed until early next year when a financial framework is put in place.

Article courtesy of Inside Housing

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