The council plans to enhance 205 homes' energy efficiency to lower energy bills and achieve net zero targets. The UK government mandates that all rented homes reach energy performance certificate band C by 2035, while band D or lower homes qualify for upgrades. It costs approximately £6,000 to upgrade a terrace house from band D to C, potentially saving £200 monthly in bills. The council, struggling financially, will invest £5.1 million and has received a £2.07 million grant to fund these improvements, addressing fuel poverty for residents.
Data shows it can cost around £6,000 to upgrade a terrace house from band D to band C. Flats are cheaper, and estimated to cost about £3,600. Band D homes could save £200 a month in bills, while lower-ranked homes could potentially save more than £1,000.
The cash-strapped council entered the current financial year with a budget gap of £74 million. Housing has become one of the largest strains on the council's coffers, leading to an overspend of £6 million last year.
The council will spend £5.1 million of its own money, as per its annual budget for 2025/26. The town hall has been given a grant of £2.07 million through the third wave of the government's Warm Homes: Social Housing Fund.
Far too many Londoners are living in fuel poverty and in homes unfit for our changing climate. The project will involve upgrading a significant amount of the social housing stock to meet an energy performance certificate band C standard.
#energy-efficiency #affordable-housing #fuel-poverty #for-housing-council #sustainability-initiatives
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