Minimum energy efficiency standards consultation
The £5billion question
The government has published a consultation seeking views on more stringent minimum energy efficiency standards (MEES) for commercial properties, with their preference being for the minimum standard to be increased to a rating of B by 2030. The government's modelling indicates that this increase would bring 85% of buildings into scope, requiring an investment cost of approximately £5 billion before 2030. The average payback period for the required investment would be four to five years.
The minimum energy efficiency standards consultation, which applies to both England and Wales, can be accessed here. Responses are required by 7 January 2020 and we would urge all interested parties to provide their comments.
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If you would like to discuss any aspect of this article further, please contact Donna Radcliffe or any other member of the Property team on 0113 244 6100. You can also keep up to date by following Wrigleys on LinkedIn. The information in this article is necessarily of a general nature. Specific advice should be sought for specific situations. If you have any queries or need any legal advice please feel free to contact Wrigleys Solicitors |
