Consumers invest in energy-efficient technology

Switch energy and sort your Christmas stocking fillers

 
Compare energy deals and switch supplier to cut your bills by £477* and a chance to WIN Amazon Fire Sticks and Echo Dots

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

*Between 1 Jan 2019 and 30 June 2019, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £477 or more.

UK consumers are investing more money in energy efficiency technology, according to a new report by the Co operative Bank.

The survey found that in 2008 'ethical spending' on energy efficiency products reached nearly £400 million, which breaks down to £155 per household.

Figures from the energy watchdog Ofgem, state that people could save over £100 a year by switching gas and electricity supplier, which would almost cover the cost of household spending on energy efficient products.

Among the items included in the list of energy-efficient products were boilers, light bulbs and batteries. Switching to energy-efficient products can lead to cheaper gas and electricity bills, as well as reducing carbon emissions.

Tim Franklin, chief operating officer at the Co-operative Bank, said: "In order for the UK to reduce its carbon emissions by 30 per cent by 2020 there will need to be a step-change in take-up of low-carbon technologies, and this will need a new contract between business, government and the consumer."

Mr Franklin said that the results provided evidence that the UK was working towards a greener lifestyle.

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


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more