The report suggests that households could save hundreds in 2023.
A new analysis report has suggested that a German-style national drive to reduce energy use in the UK could save households up to £400 over 2023.
In the new report, the SMF suggested that replicating these moves in the UK could deliver household savings of between £250 and £400 a year. It also provides strong encouragement from national leaders to save energy. The German government’s package of energy-saving measures includes ‘offering practical tips, suggestions, and examples to make saving energy as easy as possible’.
The SMF said that ministers should be looking to emulate the German campaign as soon as possible. The think-tank produced estimates of what could be saved in the UK. Jake Shepherd, Senior Researcher at Social Market Foundation, said: “In the face of rising energy costs, and despite the Energy Price Guarantee, households are and will continue looking for ways to reduce their demand for energy.
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