Want to know more?
Find out more about how Energy Systems Catapult can help you and your teams
Get in touch
Want to know more?
Find out more about how Energy Systems Catapult can help you and your teams
To attract the necessary £250bn to decarbonise UK homes and achieve Net Zero by 2050, the financial community need to develop affordable, appealing financial products to drive home retrofit. Designing and promoting suitable financial products requires robustly quantified evidence to underpin promised benefits.
Householders (and other stakeholders) must have confidence that refurbishments and low carbon technologies in their home will deliver the promised level of performance – in terms of the cost/energy saving and improved comfort and wellbeing. Ongoing research by Energy Systems Catapult into consumer attitudes towards decarbonisation of homes has identified that low confidence regarding energy savings is a key barrier that prevents many from taking steps to decarbonise their home or take on finance to do this.
In practice, energy savings are difficult to measure as they represent the absence of energy use. Currently, the savings expected from energy upgrades are typically estimated using models (e.g. SAP) that assume fabric performance based on visual inspection and standard usage patterns.
The Metered Energy Savings project aimed to analyse the quality of existing methodologies – that use only smart meter data and external temperatures – to calculate the expected energy savings from energy efficiency works on homes.
The project was partly funded through the Welsh Government’s Optimised Retrofit Programme (ORP) that is treating thousands of social housing properties across Wales with energy efficiency retrofit measures, and partly funded through a grant from the Microgeneration Certification Scheme (MCS) Charitable Foundation.
Metered Energy Savings: Unlocking home retrofit financing by reliably measuring energy savings
To download this file, we would be grateful if you could tell us a little about yourself.
We use this information for internal research purposes to help us better understand which energy sector stakeholders are interested in which areas of our work. We do not share your details with any third parties.
If you do not wish to complete the form, please email communications@es.catapult.org.uk to request a digital copy.
The Metered Energy Savings project analysed existing methodologies (that require only smart meter data and external temperatures) to calculate expected energy savings following energy efficiency works on buildings.
The two open-source methodologies analysed were originally designed for commercial properties and these were applied to 42 UK homes. The data collated for analysis found:
The project then took several steps towards defining a standard methodology.
A standard method for accurately measuring energy savings using metered energy data would provide confidence and unlock financial products and business model innovation. It would support greater customer confidence in low carbon technologies and encourage new business models such as comfort-as-a-service or performance guarantee-based offers. This would help grow the market and the commensurate finance products which will be required to decarbonise the UK housing stock.
Additional work is required on three fronts, and this would move the industry forward in achieving a reliable and practical methodology to measure and report energy savings:
Quick, safe and affordable. Design, market-test and launch innovative products, services and business models for Net Zero with real people in over 1000 connected homes
Find out moreFind out more about how Energy Systems Catapult can help you and your teams
Find out more about how Energy Systems Catapult can help you and your teams