Energy costs to rise by £30 per month in the next decade

Rising-energy-costs

As part of AXA's sponsorship of the Interior Room Sets & Studio feature at Grand Designs Live, the research shows homeowners also expect energy bills to increase by a further £370 a year, or £31 per month, in the next decade.

According to Ofgem, the average dual fuel variable tariff in April 2018 was £95 per month, or £1,138 a year, meaning by 2028 utility bills could cost a third more than today.

However, even with heating and power becoming increasingly expensive, homeowners aren't investing in energy-saving technology. A third claim eco-friendly materials such as solar panels and insulation are too costly, while a further third feel they aren't readily available.

To read the full article from AXA, including commentary from Executive Managing Director Gareth Howell, click the link below….

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