Our manifesto advocates updating the social rent formula, so that rents reflect the energy efficiency of the property. How would this work in practice? And are there other ways we could link rent levels and energy efficiency?
The new policy briefing illustrates how we could rebalance rents so that the total cost of rent and bills is evened out for tenants within four years. This would reduce rents for tenants with higher energy bills, with those in more energy efficient properties paying a bit more rent in recompense for lower energy bills. This would provide a fairer deal for tenants.
Factoring in energy efficiency into the social rent formula would also provide an incentive for social landlords to upgrade their properties, generating capacity for private finance to help fund some of the upgrades.
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Read the full report for practical insights and analysis.
You can download it below.
