Businesses 'could save thousands on gas and electricity'

Energy Performance Certificates (EPCs) could help businesses save thousands of pounds, according to Royal Sun Alliance (RSA).

Between 1 January 2020 and 30 June 2020, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £387.

It has been mandatory for all buildings being constructed, sold or rented to hold an EPC since the beginning of this month in a scheme designed to rate and improve the energy efficiency of properties.

The RSA has cited examples of its own clients, calculating that one company is expected to save £135,000 in five years after an initial investment of £32,000 to modify its air conditioning system.

Another business is tipped to save £21,000 in five years after an initial payment of £750.

Energy management leader at RSA Alex Matthias said: "An an EPC provider and keen campaigner for reducing energy use, we want businesses to understand that minor changes to the property's heating and ventilation systems could not only save them thousands but could also play a significant part in reducing the UK's carbon emissions."

Meanwhile, EPCs on homes up for sale have been extended from 12 months to three years, reducing costs for builders and homeowners, according to contractjournal.com.

The House of Commons has extended EPC validity on the grounds of administrative convenience.

What is an EPC?

An energy performance certificate (EPC) is a rating given to a home or building to highlight its energy efficiency. Ratings run from A - G, with A being the most efficient and G being the least.

EPCs allow homeowners, renters or buyers to judge the energy efficieny of a property, which is especially usful when adding up the associated costs of owning a home – the more energy efficient it is, the less you’ll spend on heating it.

Who needs an EPC?

There is a big difference between who needs an EPC certificate and who can get one. If you’re a landlord who is renting out a property, you’ll need to produce an EPC report. This is also the case if you’re selling your home, and you can’t legally sell your home without an EPC.

If you’re moving in to a new build home, you’ll be glad to know that your property will come complete with an EPC. If not, you’re well within your right to demand one takes place before you move in.

To find out more, check out our guide to energy performance certificates.

First time buyer energy tips

If you’re moving into your first home, sorting out your energy supply won’t be at the top of your to-do list. But switching to a better energy deal with UKPower could save you hundreds of pounds a year - money you could put to good use in your new home.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.