Landlord Knowledge - Home of the Savvy Buy to Let Property Investor

UK Energy Bills Surge by £1.1 Billion in 2022 Despite Lower Consumption, New Study Reveals


Despite a decline in average energy consumption, the UK faced an additional £1.1 billion on energy bills in 2022. Fresh research uncovers the mean energy consumption rates and related bills for various households across the nation.

An in-depth study conducted by BOXT shed light on energy usage trends and costs in the UK. The research analysed how a property’s features and the year’s seasonal patterns impact energy consumption, providing an intricate view of the nation’s energy landscape.

The study discovered that a flat or a 1-bedroom house, occupied by 1-2 residents, typically utilises 8,000 kWh of gas and 1,800 kWh of electricity each year. These homes, on average, face an annual gas bill of £996 and an electricity bill of £717, which includes standing charges.

A 3-bedroom house’s yearly gas consumption was reported to be 12,000 kWh, a substantial 4,000 kWh more than its 1-bedroom counterpart. Such properties also utilise around 2,900 kWh of electricity annually. The aggregate energy bill for gas and electricity in these residences reaches £2,500 – approximately £800 more than in a 1-bedroom house or flat.

As for a 5-bedroom house, home to 4-5 individuals, the annual average gas consumption scales to about 17,000 kWh, up by 5,000 kWh compared to a 3-bedroom house. The average yearly electricity consumption was noted at 4,300 kWh. The combined annual energy bill in these households hovers around £3,493, nearly £1,000 more than a medium-sized household.

The investigation further highlighted the following:

  • Among household appliances, the fridge-freezer demands the most electricity, costing approximately £138.72 each year. Electric tumble dryers come in second, accounting for roughly £125.80 annually, followed by electric hobs at an average yearly cost of £102.35, based on usage 424 times per annum.
  • In the period between 1995 – 2022, the first quarter (January to March) saw the highest consumption of gas and electricity. The UK’s mean electricity usage stands at 89.28 TWh during these months, amounting to an estimated £30.3 billion based on current costs.
  • Energy efficiency was found to be lowest in properties constructed before the 1930s, which on average received a D rating of 59. This rating falls significantly short of the lower C rating of 69. In contrast, properties built after 2012 received a median EPC rating of 83, a B rating, making them the most energy-efficient.
  • Properties built between 1983 to 2011 have an average EPC rating of 71 in England and Wales, which is a C rating, meeting the government’s minimum EPC rating threshold set for 2025.

You can view the full study here: https://www.boxt.co.uk/boilers/guides/energy-index

 

About the Author

The Landlord Knowledge editorial news team is headed by Leon Hopkins
Editorial Team
The Landlord Knowledge editorial team covers UK buy-to-let and property investment news, policy, regulation, and finance. Our reporting focuses on the issues that matter most to private landlords and property investors across the UK. Headed by Leon Hopkins, author of The Landlord's Handbook.
RSS
Follow by Email
X (Twitter)