What impact will Brexit have on your home heating bill?

What impact will Brexit have on your heating bill?

Brexit

What impact will Brexit have on your heating bill?

As we’ve seen over the past few months, no one’s sure what’ll happen after the UK leaves the EU. However, past statistics and a look at where our energy comes from and who is in charge could reveal that Brexit could send our energy bills soaring.

Where does our energy come from?

Energy UK claimed that energy bills could rise post-Brexit because of the uncertainty over where Britain stands in the EU’s carbon trading scheme. Around 50% of the UK’s energy supply comes from Europe, and if we leave without a good deal or access to the single market, frictionless trade could be in jeopardy. Importing costs could rise, and as a result, the cost to the end user at home could also rise.

Further concerns for rising energy prices after Brexit come from what happened after the 2016 referendum. Collectively, the British public paid £2 billion more on their energy bills in the year following due to the falling exchange rates. This equates to around £75 extra each year for gas and electricity.

What is clear at the moment is that we don’t know for sure what will happen to our energy bills once we leave the EU. There’s more reason than ever to make sure you’re using energy as efficiently as possible, and that your heating systems are in excellent working order, so you can keep any future rises to a minimum.

How to save money on your future energy bills

Boiler efficiency is the key to saving money on your bills. Luckily, boilers are becoming more efficient as the years go by. Some boilers, while expensive, are 100% efficient. But, for the average household, somewhere above 90% efficiency is the norm for new boilers. If you have an old boiler, it will probably be less efficient. But servicing it regularly using a reputable company is the best way to make sure it’s working as efficiently as possible.

If you do this, you’ll make savings without even trying. There are other simple things you can do at home to help you even further. Make sure your house is properly insulated, check radiators are working properly with no cold spots, and only use your heating when it’s absolutely necessary. That way, you’ll be prepared for the year ahead.

For more information about boiler efficiency, or to get yours serviced, give GOS Heating a call on 01772 734 966. Our heating specialists have everything you need to make sure your energy bills don’t fly sky high.

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