• Make a contribution
  • Get the Print Edition
  • Sign up for our daily newsletter
Thursday, May 22, 2025
  • Login
Reading Today Online
  • HOME
  • YOUR AREA
    • All
    • Caversham
    • Central Reading
    • East Reading
    • Katesgrove
    • Reading
    • Southcote & Coley
    • Tilehurst & Norcot
    • Whitley

    Council announces fresh wave of cost of living support

    Knife crime in Thames Valley down nearly 10% last year, ONS figures show

    Nearly 100 singers raised their voices for women’s health

    TK Maxx moves to The Oracle, gives customers the chance to win a gift card

    Man wanted for dangerous driving and failing to stop

    Woman in her seventies sexually assaulted on bus in Reading

    Government announces unified parking app rollout

    Four in a row for BAPCO

    Broad Street Beats bolsters wellbeing during Mental Health Awareness Week

  • COMMUNITY
  • READING FC
  • SPORT
    • All
    • Basketball
    • Football
    • Rugby

    Former Reading FC manager Ruben Selles linked with League One job

    Four in a row for BAPCO

    Reading fans – you can finally dare to dream again

    Rob Couhig reveals new Reading FC CEO following takeover

    It’s a podium streak for Wokingham racing star Bobby with a win at Silverstone

    Rams RFC celebrate at end of season ball

    Lewis hits brilliant century to see Berkshire CCC beat Buckinghamshire

    ‘Without you, there would be no club’: Defender sends farewell message to Reading FC fans

    Style and splendour returns to Newbury

  • ENTERTAINMENT
    • ARTS
    • READING FESTIVAL
    • READING PRIDE
    • WOKINGHAM FESTIVAL
  • PRIDE OF READING
  • OBITUARIES
  • JOBS
  • ADVERTISE
  • CONTACT US
No Result
View All Result
Reading Today Online
No Result
View All Result
Home Featured

Average Reading energy bill could rise by £1,000

Jake Clothier by Jake Clothier
Thursday, November 3, 2022 8:32 am
in Featured, Reading
A A
Picture: Kwon Jun-ho via Unsplash

Picture: Kwon Jun-ho via Unsplash

Share on FacebookShare on Twitter

A REPORT by the University of Warwick estimates that the average household in Reading could see energy bills rise by £1,000 a year.

The paper details research conducted by economists at the university which modelled the impact of the energy crisis on household bills.

The models used the National Energy Efficiency Data Framework and Energy Performance Certificates in the public domain to assess costs, usage levels, and possible savings.

With Ofgem’s announcement of energy prices in October, the average energy bill would increase by as much as £1,842, the report explains.

However the government’s energy price guarantee scheme has brought this down to a rise of just over £1,000, doubling prices October 2021.

Overall, £58 million of extra bills could hit Reading residents, with all households affected in at least some way.

Related posts

Ruben Selles heaps praise on “exceptional” Sam Smith after scoring winner

READING 1-0 ROVERS: Smith goal fuels a win for Royals against ‘The Gas’

What is Mediation?

Almost 49,000 people waited more than four hours to be seen at RBH’s A&E department – politicians call for action

Even households that consume very little energy, often representing some of the poorest residents, will see bills increase by £587 for those in the lowest 10% of usage.

This group typically represents those with lower wages, with most living on a household income of less than £15,000.

The report warns that his could cause a “drastic decline in real standards of living,” and threatens social stability.

This is especially so in the context of “economic fallout from the pandemic,” from which many are still recovering, more than ten years of stagnant productivity growth, and a real-terms fall in incomes.

It warns also that some will be caught off-guard by price hikes, citing a study published in 2010 which showed that many households were unaware of how much energy they were using.

The report cites the illegal invasion of Ukraine by Russia and the subsequent “dislocation” of energy markets.

This follows what it calls “broad foreign policy expert consensus” that energy is being used as “leverage” to undermine support for Ukraine by Western nations.

The paper explains that reduction in energy usage will be a key method of bringing down household bills, not only as part of the energy crisis but long-term.

It argues that reduction of usage would save households money permanently, reduce carbon footprints and help achieve Net Zero targets for the country.

It also averts higher taxes or further budget cuts, which disproportionally benefit wealthier households, and reduces the reliance on third-parties such as energy suppliers or countries to use energy as leverage.

Among its proposals for helping residents save energy are the use of insulation and condensing boilers, which are the most impactful measures.

It also cites improvements to hot water cylinder insulation and upgrades to boilers, heaters, and window glazing where possible.

It proposes a number of actions which could be taken by the council, such as securing funding for energy investments within the council.

The paper suggests councils refer appropriate residents to large energy suppliers for retrofitting under their ECO scheme, or through government energy efficiency schemes.

To read the full publication of the Thiemo Fetzer, Ludovica Gazze, Menna Bishop’s findings, visit: warwick.ac.uk

Keep up to date by signing up for our daily newsletter

We don’t spam we only send our newsletter to people who have requested it.

Check your inbox or spam folder to confirm your subscription.

Tags: Cost of Livingrdgukreading newsreading uk
Previous Post

Mini Royals Friday sessions

Next Post

Punkowe’en at The Face Bar rocked by triplet of tributes

FOLLOW US

POPULAR STORIES

  • Young man and woman attacked by group of teenagers in Reading robbery

    0 shares
    Share 0 Tweet 0
  • Former Reading FC star to be released as free agent by Championship club

    0 shares
    Share 0 Tweet 0
  • Former Reading FC star to become free agent following Championship relegation

    0 shares
    Share 0 Tweet 0
  • Thousands experience power outage in Reading, not expected to be fixed for hours

    0 shares
    Share 0 Tweet 0
  • Reading FC group Sell Before We Dai makes generous donation following end of campaign

    0 shares
    Share 0 Tweet 0

RDG.Today – which is a Social Enterprise – provides Reading Borough with free, independent news coverage.

If you are able, please support our work

Click Here to Support RDG.Today

ABOUT US

Reading Today is dedicated to providing news online across the whole of the Borough of Reading. It is a Social Enterprise, existing to support the various communities in Reading Borough.

CONTACT US

news@wokinghampaper.co.uk

Reading Today Logo

Keep up to date with our daily newsletter

We don’t spam we only send our newsletter to people that have subscribed

Check your inbox or spam folder to confirm your subscription.

The Wokingham Paper Ltd publications are regulated by IPSO – the Independent Press Standards Organisation.
If you have a complaint about a  The Wokingham Paper Ltd  publication in print or online, you should, in the first instance, contact the publication concerned, email: editor@wokingham.today, or telephone: 0118 327 2662. If it is not resolved to your satisfaction, you should contact IPSO by telephone: 0300 123 2220, or visit its website: www.ipso.co.uk. Members of the public are welcome to contact IPSO at any time if they are not sure how to proceed, or need advice on how to frame a complaint.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • MY AREA
    • Central Reading
    • East Reading
    • Bracknell
    • Calcot
    • Caversham
    • Crowthorne
    • Earley
  • COMMUNITY
  • SPORT
    • Reading FC
    • Football
    • Rugby
    • Basketball
  • ENTERTAINMENT
    • ARTS
    • READING FESTIVAL
    • READING PRIDE
    • WOKINGHAM FESTIVAL
  • PRIDE OF READING
  • OBITUARIES
  • JOBS
  • ADVERTISE
  • CONTACT US
  • SUPPORT US
  • SIGN UP FOR OUR NEWSLETTER
  • WHERE TO GET THE PRINT EDITION

© 2021 - The Wokingham Paper Ltd - All Right Reserved.