A ‘no deal’ Brexit will likely result in inflated energy bills for homeowners next winter, warn experts from smart central heating provider, Genius Hub.
According to Alasdair Woodbridge, CEO at Genius Hub, uncertainty surrounding the strength of the pound is just one of many reasons that could see some people struggle to keep their homes warm next winter.
Other factors, irrespective of currency fluctuations, include:
Increased transportation and importation costs
Ambiguity surrounding green energy initiative targets
Lack of investment in Britain’s energy infrastructure from the EU
Whether Britain will remain in the EU’s Emissions Trading Scheme after 2020