“Big Six” energy suppliers to pocket close to £2bn of their customer’s savings


The UK’s largest energy suppliers are not passing the full savings from cuts to green levies to consumers, which means that they’re in to pocket close to £1.8bn for no reason, research by the Insulated Render and Cladding Association (IRCA) has revealed.

As part of the ECO scheme, energy suppliers are forced to play green levies, basically a form of taxation designed to help raise the require funding for energy efficiency schemes, such as home insulation.

Nevertheless, all of the energy suppliers out there pass on the costs to consumers’ bills, so the government decided to consider a cut in green levies on energy companies under the ECO, including a 75% reduction in the target for solid wall insulation.

Proposed changes have led to energy firms saying they can reduce household bills by £35 a year for Britons, lower than the £50 the government had hoped for, a news source has revealed.

Nevertheless, the aforementioned research by IRCA suggests that there is an extra £15-£23 of savings per household not being passed on – leaving energy firms to pocket a potential windfall of between £1.1bn and £1.8bn over the coming three years.

The HeatingSave Building Energy Management System helps customers save more than 30% on their bills by optimizing any heating system’s overall functionality. This is done by taking into account a variety of factors, such as internal and external temperatures, occupancy, time of the year, the particular characteristics of installed boilers, etc. All of the data is used in order to determine the best heating patterns for the various heating zones within any building, using our proprietary heat-loss algorithm.

The end result is that users still get a very good level of comfort, while in the same time saving energy and money in the process.

If you’d like to find out more details on all the features HeatingSave has in store, just contact our dedicated product team, they’ll be more than happy to provide you with all the necessary information.

Cant find what you're looking for?

Enter a search term below (e.g. "Thermostatic Radiator Valves") and we'll find all of our relevant content for you.

A Tensor plc company
HeatingSave Accreditations