Using data to understand energy performance and future proof your homes
‘This Government is determined to leave our natural environment in a better condition than we found it. Clean growth is not an option, but a duty we owe to the next generation, and economic growth has to go hand-in-hand with greater protection for our forests and beaches, clean air and places of outstanding natural beauty.’
This Strategy sets out a comprehensive set of policies and proposals that aim to accelerate the pace of “clean growth”. The Government’s approach is set regarding the context of the UK’s legal requirements under the Climate Change Act, the UK’s approach to reducing emissions has two guiding objectives:
- To meet our domestic commitments at the lowest possible net cost to UK taxpayers, consumers and businesses
- To maximise the social and economic benefits for the UK from this transition.
The Government’s key actions are set out in 8 policies and proposals with the aim to drive emissions down throughout the next decade, including improving our Homes, which represent 13% of UK emissions:
- Improving the energy efficiency of our homes
- Rolling out low carbon heating
The Government’s aim is to improve the energy efficiency of our homes, with £3.6 billion of investment to upgrade around a million homes through the Energy Company Obligation (ECO) to 2028, to achieve the following:
- All fuel poor homes to be upgraded to Energy Performance Certificate (EPC) Band C by 2030, with the aspiration for as many homes as possible to be EPC Band C by 2035
- Offer a smart meter to all homes to help them save energy by the end of 2020
Not only will this strategy support the improvement of the energy efficiency and future sustainability of the UK’s housing stock, but it will also improve the lives of fuel poor households and the human cost of fuel poverty, including health and education.
The Department for Business, Energy & Industrial Strategy (BEIS) analysis of the English Housing Survey data forecasts that upgrading energy efficiency from an EPC Band E to C reduces energy costs by £650 per year on average. Given residents’ concerns about the cost of heating their homes, demand to replace electric storage heating along with ensuring their homes are well insulated, it is clear that keeping £650 a year in a resident’s pocket is a great result given the increasing cost of energy prices and impact of welfare reform.
So, how can you use your data to understand energy performance and support the Government’s ‘Clean Growth Strategy’ now?
Using SDS StockProfiler and our active asset management methodology: to KNOW your stock, INVESTIGATE anomalies and ACT to deliver value to your organisation.
- Consolidate within StockProfiler existing internal Asset and Finance data about each unit to understand the existing worth of each unit.
- Use current and potential Energy Performance Certificate (EPC) information to add an additional dimension to the dataset and enable in-depth scenario modelling of future potential investment projects.
- Where internal EPC data is not complete, we can fill data gaps using the Department for Communities and Local Government (DCLG) EPC data to populate our asset management model.
- Model actual or archetype investment options, then assess the impact on the worth of this investment on your assets to the business.
- Examine and report the investigated options to enable the business to take a planned and considered approach to the investment, planning and implementation.
- Support the project management and delivery of the investment, along with updating the datasets to ensure the business KNOWledge is up-to-date and accurate.
Linking the analysis of energy performance to wider economic performance such as net present values (NPV) and social intelligence such as resident satisfaction with the quality of their home enables you to make better decisions regarding future investment, obsolescence, disposal and growth across the wider portfolio of your assets. Overall driving the value of your assets whilst delivering sustainable green investment.