Energy costs to rise by £30 per month in the next decade
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….
In July 2012 the AXA Commercial Lines and Personal Intermediary businesses came together to form a new single organisation – AXA Commercial Lines and Personal Intermediary. Led by Amanda Blanc, the business offers brokers a more integrated and consistent approach from AXA which is focussed on their needs as a business – whatever the product. AXA Commercial Lines & Personal Intermediary provides underwriting expertise, offering a range of commercial lines and personal lines products and insurance solutions to our brokers and customers. AXA Commercial & Personal Intermediary is part of AXA Group, a worldwide leader in insurance and asset management serving 101 million clients.
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