The Changing Effects on Domestic Energy Expenditure from Housing Characteristics and the Recent Rapid Energy Price Movements
Sotirios Thanos, NA Dunse
Abstract
Sotirios Thanos, NA Dunse
Abstract
The report looks at how dwelling types and lifestyle can affect energy expenditure reveals that those renting in the private sector pay on average £31 more every year than homeowners and £90 more than tenants living in social housing. Those who own their own property are more likely to effectively insulate and modernise heating facilities than private landlords, and consequentially see a direct impact on their energy use and spend. However, a lack of incentives for private landlords to insulate their rental properties and update heating equipment is thought to result in higher bills for their tenants.
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The report looks at how dwelling types and lifestyle can affect energy expenditure reveals that those renting in the private sector pay on average £31 more every year than homeowners and £90 more than tenants living in social housing. Those who own their own property are more likely to effectively insulate and modernise heating facilities than private landlords, and consequentially see a direct impact on their energy use and spend. However, a lack of incentives for private landlords to insulate their rental properties and update heating equipment is thought to result in higher bills for their tenants.
Key concepts: Renting, Energy expenditure, Incentive, Rental housing, Business, Labour economics, Affect (linguistics), Public economics