Help To Heat Funding in UK

Around 130,000 low-income households might have their energy costs reduced as a result of the government’s Help to Heat Funding in UK.

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£1.5 billion to improve energy efficiency and slash bills

♦ The government will provide up to £1.5 billion in funds to refurbish about 130,000 municipal and low-income dwellings in England.

♦ At present pricing, the improvements will save homeowners roughly £400-700 per year on their energy costs, and the investment may support around 19,000 green energy employees.

♦ Funding is provided following a direct initiative and deliberate action before October 1st to lower family and commercial energy expenses.

Around 130,000 low-income households in England could cut their energy bills by £400 to £700 a year with the government’s new Help to Heat grant.

The Social Housing Decarbonisation Fund and The Home Update Grant put up to £1.5 billion available, allowing social housing providers and local authorities to compete for funds to upgrade the properties of around 130,000 low-income and social households.

With today’s investment, measures such as exterior wall and loft insulation, energy-efficient doors and windows, heat pumps, and solar panels will be installed, with several measures frequently put in a single home to significantly increase energy performance.

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Local governments and social housing providers will be able to submit funding bids and will be able to implement improvements from early next year until March 2025, expanding on the more than 30,000 houses previously refurbished through the Social Housing Decarbonisation Fund and Home Upgrade Grant programmes.

Today’s statement comes ahead of extraordinary government assistance that goes into effect this weekend, assisting in protecting homes, companies, and public sector organisations from rising energy bills as a result of Putin’s unlawful conflict in Ukraine.

Because of the government’s Energy Price Guarantee, the typical yearly household bill will be £2,500 for the next two years, a savings of at least £1,000 per year based on current pricing and energy use. It is in addition to the government’s previous promises to offer all households £400 off their bills this winter. This quick and decisive action ensures that consumers will be significantly protected from an 80% increase in the Energy Price Cap and that typical household costs would not exceed £3,500 per year, despite projections that rates might have increased as high as £6,500 next year.

There was also no price cap in place for businesses, which meant that British companies were experiencing significant increases in energy costs – in some cases, more than 500% – but thanks to government intervention through the Energy Bill Relief Scheme, businesses, the public and third-sector organisations will pay wholesale energy costs that are well below half of what was expected this winter.

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Business and Energy Secretary Jacob Rees-Mogg said:

” Putin’s illegal war in Ukraine, would have had dire consequences on the energy bills of both households and businesses this winter, without the government’s decisive action. Today I am cutting costs even further for the most vulnerable households for years to come.”

” By making homes warmer and cheaper to live in, we are not only transforming the lives of households across England, we are creating huge growth in the economy, backing the green energy sector and supporting thousands of high-skilled jobs.”

The plans may support 19,000 green energy industry employment as part of the government’s Growth Plan, which was revealed by the Chancellor this week.

Social housing with an Energy Performance Certificate (EPC) rating of D or below will be eligible for Social Housing Decarbonisation Fund (SHDF) renovations. Home Upgrade Grant (HUG) funds will assist those who are most susceptible to fuel poverty, living in privately-owned – both leased and owner-occupied – off-gas-grid houses and on low incomes.

The financial boost is part of the government’s overall £12 billion financing for ‘Heating Aid’ programmes, which include commitment plans for energy providers and local authority supply, targeting those most at risk and assisting low-income homes.

HUG financing will enable local governments with up to £700 million to adopt energy-saving solutions in around 30,000 buildings. Estimates for average annual energy bill savings for low-income households in HUG are around £700 at current prices.

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With up to £800 million in SHDF wave 2 grant funds, around 100,000 social houses will receive energy efficiency renovations, with expected annual energy bill savings of over £400 at current rates. The government’s grant financing will have to be matched by those applying, thereby increasing the investment made under the SHDF plan to about £1.6 billion.

The wave 2 funding builds on the £179 million funding announced through SHDF wave 1 in February 2022, which is upgrading up to 20,000 social housing properties.

Minister for Business and Energy Lord Callanan said:

” The cheapest form of energy is the energy we do not use. Our Help to Heat schemes are already bringing real benefits to tens of thousands of low-income households across the country by improving the energy performance of their homes and saving them hundreds of pounds on their bills.”

” Together with the unprecedented support government is putting in place to help households and businesses with rising energy costs, this latest funding will extend that assistance even further, targeting help to those who need it most by making their homes warmer and cheaper to run.”

It is expected to build on the significant progress previously achieved in improving the energy efficiency of UK houses.

In 2010, just 14% had an Energy Performance of C or higher, but that figure is currently 46% and climbing, with the social housing sector increasing from 18% in 2008 to roughly 66%. In an era of growing global gas costs, improving energy efficiency is one of the most efficient methods to save money on energy expenses.

Kate Henderson, Chief Executive of the National Housing Federation, said:

” The launch of the second wave of the Social Housing Decarbonisation Fund is hugely welcome. This vital funding will enable housing associations across the country to make significant progress in retrofitting and decarbonising their homes – work that not only cuts carbon emissions but saves residents money on their heating bills.”

” We know that England’s homes produce more carbon each year than the average annual use of the country’s cars, so decarbonising social homes has a pivotal role to play to meeting the country’s net zero target.”

” The National Housing Federation and our members look forward to continuing to work with BEIS to demonstrate the benefits that decarbonising homes has on residents’ lives.”

Tracy Harrison, Chief Executive, Northern Housing Consortium said:

“ We welcome the opening of this important funding, which gives the North the opportunity to scale-up social housing retrofit programmes, creating good, skilled, green jobs and helping to tackle fuel poverty in our communities.“

“ The North is ambitious for this Wave – some significant collaborations are under way and councils and housing associations are looking forward to working with BEIS to build on the momentum we’ve already established together.“

This extra money is in addition to government steps to safeguard UK consumers from rising energy bills caused by global market pressures after Russia’s unlawful invasion of Ukraine.

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The Energy Price Guarantee will apply from 1 October, capping the amount consumers may be charged for each unit of gas and electricity used in their home at the equivalent of a £2500 yearly bill for a typical household with average gas and electricity consumption.

Based on current energy prices as of October, the average household will save £1,000 per year. It is in addition to the previously announced £400 energy bill savings for all homes, and the two will bring expenses close to the current energy price ceiling.

Together, the government expects to save £1,400 on energy costs this year, and millions of the most disadvantaged households will get extra subsidies, bringing their total savings this year to £2,200.

Meanwhile, the Energy Bill Relief Scheme will lower wholesale gas and electricity rates for all UK companies, charities, and public sector organisations like schools and hospitals, resulting in wholesale energy costs that are less than half of what is projected this winter. The second wave of the Public Sector Decarbonisation Scheme will also shortly be open for new applications, with up to £635 million in funding to help more public sector bill reductions.

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