UK homes and businesses could be missing out on up to £3.1 billion of savings every year by not improving energy efficiency in their homes and business premises.
Against the backdrop of the cost of living crisis and the threat of recession, these savings could have a significant impact on daily life.
However, households and businesses are not considering the longer-term gains of energy efficiency as a solution to the tough economic climate – an issue explored in the Cebr’s latest report ‘Powering Energy Efficiency’ published today, created in collaboration with Grundfos.
This report closely follows an autumn statement in which the Chancellor pledged to invest a further £6 billion into energy efficiency by 2025, kicking an urgent issue into the long grass.
Many businesses face record inflation and volatility, so many may not be in existence by the time this investment makes its impact felt.
What we need, this report reveals, is mass behavioural change at a scale and pace never seen before, among both…
