People living in energy-inefficient homes could pay an extra £299 on bills this year - a collective £3.8 billion across the country.
Economics consultancy Cebr, working with B&Q and Screwfix owner Kingfisher, studied the energy performance of properties with an EPC rating below C.
Older generations are hardest hit, with 60 per cent of over 65s living in inefficient homes – amounting to an extra £256 in annualised energy bills compared to under 30s at current prices.
The study also revealed over 65s are spending the highest proportion of their money on energy bills of any group.
Meanwhile, a survey of 3,000 adults found younger generations are the most likely to be aware of their home’s efficiency and planning energy efficiency improvements. 83 per cent of 18 to 34-year-olds are looking to invest in efficiency upgrades in the next five years.
Thierry Garnier, Kingfisher CEO, said: “Too many UK households are still paying higher bills due to energy-inefficient homes, especially those who can least afford it.
Economics consultancy Cebr, working with B&Q and Screwfix owner Kingfisher, studied the energy performance of properties with an EPC rating below C.
Older generations are hardest hit, with 60 per cent of over 65s living in inefficient homes – amounting to an extra £256 in annualised energy bills compared to under 30s at current prices.
The study also revealed over 65s are spending the highest proportion of their money on energy bills of any group.
Meanwhile, a survey of 3,000 adults found younger generations are the most likely to be aware of their home’s efficiency and planning energy efficiency improvements. 83 per cent of 18 to 34-year-olds are looking to invest in efficiency upgrades in the next five years.
Thierry Garnier, Kingfisher CEO, said: “Too many UK households are still paying higher bills due to energy-inefficient homes, especially those who can least afford it.
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