The purpose of the innovation is to reduce carbon dioxide emissions in all houses of the country to a minimum.
The problem is that many people, both homeowners and tenants, have no idea about the new law. In particular, the insurance company Just Landlords conducted a survey and found that only 4% of homeowners are aware of the new law, while 73% of homeowners and tenants do not know about the EPC rating; 65% do not know that improving the rating will result in huge savings.
What is Energy Efficiency Certificate of EPC.
The EPC's goal is to show how much energy a housing uses and how efficient it is. Apartments and houses are sorted in the rating from A (most energy efficient) to G (less energy efficient). On paper housing rating A is designated by green, and G – by red.
The EPC is a legal requirement for all renters, and homeowners are required to provide a copy of this document as early as possible - ideally at the first inspection of the housing.
How to find out what EPC rating the housing has.
There are two ways to do this.
If you have a Report Reference Number printed on an EPC document or provided by an Energy Assessor consisting of 24 digits, you can go to this website.
Or you can search by your index here.
How many houses the new law will affect?
According to the latest figures, about 300 thousand houses that are leased are designated by the rating F or G, that is, they do not fall under the new minimum standards. Although this figure has greatly decreased from 700 thousand in 2012, many homes do not meet the new energy standards. The Green Building Council estimated that, on average, the cost of raising the rating to a minimum would cost £1,400.
What these changes mean to renters.
If your accommodation is rated F or G, then this is great news for you.
On average, the energy bill for apartments with the G rating is £2860 per year, and with the F rating - £2180 per year. For comparison, tenants of apartments of rating E pay £1710 per year. This means that a tenant, whose rating will be improved, will pay £1150 less per year.
In addition, you will live in a more comfortable and environmentally friendly home. You will enjoy double-glazed windows, additional insulation, a new boiler, energy-efficient LED bulbs and other things.