Press Release:
Insulate against further energy bill rises

Release Date 25 April 2013

With the recent news from energy provider First Utility that its consumers will face higher energy bills next winter, the National Insulation Association (NIA) is urging householders wishing to slash their fuel bills to insulate now.

First Utility announced this week that it would increase the price of its most popular tariff by an average of 18.6% adding a further £200 per year to the typical dual fuel bill.

Neil Marshall, Chief Executive of the NIA, commented: "Home insulation is the single most effective method of saving money on domestic energy bills, with savings continuing year on year! With the average annual bill of a standard dual fuel tariff in the UK currently at £1,420* per year, householders need to make their homes as energy efficient as possible if they are to beat further price increases.

"Savings of up to £320** per year can be made by simply installing cavity wall and loft insulation The savings are even greater for insulating solid walls and lofts up to £655*** per year.

"Furthermore, according to the Energy Saving Trust, installing cavity wall and loft insulation together costs on average £800; this means they can pay for themselves in less than 3 years and then provide a return on investment of around 40% per year thereafter!"

Householders are advised to contact an NIA member today who can advise them on the most appropriate and efficient method possible of insulating their home.

To find a local NIA member, householders and landlords should visit the NIA website www.nia-uk.org or call 08451 636363.
 

* Ofgem Electricity and Gas Supply Market Indicators Updated: 24th April 2013

** Based on adding cavity wall insulation (CWI) (saving around £140 per year) and loft insulation (LI) of 270mm (saving around £180 per year). Savings based on an uninsulated three bed semi-detached gas heated house. Figures from the Energy Saving Trust.

*** Estimated savings if an uninsulated home installed Solid Wall Insulation (SWI) (saving of around £475) and Loft Insulation (LI) (saving around £180) to the recommended depth of 270mm - based on a three bed gas heated semi-detached house. Figures from the Energy Saving Trust.

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