Tenants are facing a financial crunch as annual energy bills soar to match an extra month’s rent, according to findings by lettings agents Hamptons.
Gas and electricity bills have hit their highest level in seven years, averaging £1,331 annually, only £1 less than the average monthly rent in the UK.
While a recent drop in the energy price cap offers some relief, tenants are still grappling with significantly higher costs compared to a decade ago, with rents up by 54% and energy bills by 46% over the past ten years.
According to the report, tenants are now shelling out £5,993 more annually in rent and energy bills compared to a decade ago.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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