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High heating bills will force Christmas spending rethink

High and unpredictable energy costs will force almost a quarter of the UK population to change their spending habits this winter, according to renewable heating company Innasol.

Innasol’s Renewable Heat Report 2014 found that over 60% of UK adults wait as long as possible before switching the heating on.

Chief executive Silvio Spiess said: “Our research has shown that, unfortunately, thousands of people will have to compromise their Christmas spending to accommodate unpredictable high heating bills this winter.

“This highlights the need for the government to commit to its Renewable Heat Incentive scheme beyond 2016 and make consumers more aware that they can save up to 45% on heating bills by simply switching over to a greener energy source.”

According to the Renewable Heat Report, by making the switch to renewable technologies such as biomass, homeowners could expect up to 45% off their heating bills and significantly reduce their carbon footprint.

However, Innasol says the majority of homeowners are unaware of renewable heating and the financial benefits that come with it.

It showed 74% and 84% of UK residents do not know that biomass systems and heat pumps, respectively, are a renewable energy sources.

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