Energy Performance Certificate News

Did you know that from the 1st of April, all renewals of tenancies and all new rental leases will be required to have an energy performance rating of a certain standard? They must achieve an energy performance rating of at least an E on an Energy Performance Certificate (EPC). This regulation doesn’t come into force until 1st April 2020 for existing tenancies (And no that isn’t a joke).

Research from Dataloft shows properties that were let across England and Wales in 2017 that held an energy performance rating of E, achieved a 3.1% higher premium than properties let with an F or G rating. A vast majority of properties won’t need to act on this regulation change however it’s a piece of information that is worth knowing. If you’re unsure on what an Energy Performance Certificate (EPC) is, it’s quite simple. A basic explanation of an EPC is how much it costs to run a home. So, the higher the rating, the more energy efficient a home is and therefore the cheaper the home is to run. By Law every property for sale or rent needs an EPC. Currently you can have a rating from an A to a G. As discussed above, this is changing for all renewals of tenancies and all new rental leases. They will need to achieve a rating of at least an E.

You can have a look below at the average premium paid by tenants per year. This information is provided by Dataloft.