scholarly journals Stranded Assets? The Price Effects of the Minimum Energy Efficiency Standard (MEES) in the UK Residential Market

2021 ◽  
Author(s):  
Pat McAllister ◽  
Franz Fuerst
Keyword(s):  
Energy Efficiency ◽  
Minimum Energy ◽  
Price Effects ◽  
Energy Efficiency Standard ◽  
Residential Market ◽  
The Uk

Minimum energy efficiency – is the energy performance certificate a suitable foundation?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Samantha Organ
Keyword(s):  
Climate Change ◽  
Energy Efficiency ◽  
Housing Stock ◽  
Minimum Energy ◽  
Energy Performance ◽  
Rental Sector ◽  
Current Form ◽  
Content Type ◽  
Energy Efficiency Standard ◽  
The Uk

PurposeClimate change is one of the most significant challenges of our time. The existing housing stock is a crucial component in achieving international and national climate change targets through energy efficiency improvements. The private rental sector incorporates some of the worst performing housing. To address this, the UK has implemented the minimum energy efficiency standard, based on the energy performance certificate rating. However, the energy performance certificate has a number of criticisms in the UK and across the EU. This viewpoints paper discusses the primary criticisms of the EPC and whether these undermine the minimum energy efficiency standard.Design/methodology/approachThis viewpoint paper draws on the recent work across academic, government and professional literature to develop a critique of the energy performance certificate and its underlying methodology as a basis on which to form the minimum energy efficiency standard.FindingsThe paper concludes that based on the current form of the energy performance certificate in the UK, the minimum energy efficiency standard is likely to unfairly advantage some landlords and penalise others. This has implications for landlords, tenants and the wider housing stock.Originality/valueThis paper presents a discussion of the new minimum energy efficiency standard based on the limitations of the energy performance certificate. It has implications for policymakers, researchers and practitioners in the private rental sector.

Net zero carbon: Energy performance targets for offices

2021 ◽  
Vol 42 (3) ◽  
pp. 349-369
Author(s):  
Robert Cohen ◽  
Karl Desai ◽  
Jennifer Elias ◽  
Richard Twinn
Keyword(s):  
Energy Efficiency ◽  
Minimum Energy ◽  
Energy Performance ◽  
Consultation Process ◽  
Net Zero ◽  
Extensive Consultation ◽  
Operational Energy ◽  
Legislative Framework ◽  
Zero Carbon ◽  
The Uk

The UKGBC Net Zero Carbon Buildings Framework was published in April 2019 following an industry task group and extensive consultation process. The framework acts as guidance for achieving net zero carbon for operational energy and construction emissions, with a whole life carbon approach to be developed in the future. In consultation with industry, further detail and stricter requirements are being developed over time. In October 2019, proposals were set out for industry consultation on minimum energy efficiency targets for new and existing commercial office buildings seeking to achieve net zero carbon status for operational energy today, based on the performance levels that all buildings will be required to achieve by 2050. This was complemented by modelling work undertaken by the LETI network looking into net zero carbon requirements for new buildings. In January 2020 UKGBC published its guidance on the levels of energy performance that offices should target to achieve net zero and a trajectory for getting there by 2035. This paper describes the methodology behind and industry perspectives on UKGBC’s proposals which aim to predict the reduction in building energy intensity required if the UK’s economy is to be fully-powered by zero carbon energy in 2050. Practical application: Many developers and investors seeking to procure new commercial offices or undertake major refurbishments of existing offices are engaging with the ‘net zero carbon’ agenda, now intrinsic to the legislative framework for economic activity in the UK. A UKGBC initiative effectively filled a vacuum by defining a set of requirements including energy efficiency thresholds for commercial offices in the UK to be considered ‘net zero carbon’. This paper provides all stakeholders with a detailed justification for the level of these thresholds and what might be done to achieve them. A worked example details one possible solution for a new office.

Unscrambling the Building Envelope Insulation Technique in "Tianjin Energy Efficiency Design Standard for Rural Residential Buildings"

2013 ◽  
Vol 805-806 ◽  
pp. 1519-1523 ◽  
Author(s):  
Chang Feng Wang ◽  
Guo Qiang Fan
Keyword(s):  
Energy Efficiency ◽  
Energy Consumption ◽  
Residential Buildings ◽  
Minimum Energy ◽  
High Energy ◽  
Building Envelope ◽  
Minimum Energy Consumption ◽  
Tianjin City ◽  
Energy Efficiency Standard ◽  
Energy Efficiency Standards

In order to solve problems of high energy consumption and poor indoor thermal comfort in existing rural residential buildings, Tianjin city developed Tianjin energy efficiency standard for rural residential buildings, the building envelope insulation technique in the standard-including determination of heat transfer coefficient, principle of choosing insulation materials for building envelope, energy efficiency standards of walls, windows, and roofs are unscrambled particularly in this paper. It is suggested that natural materials and appropriate techniques are used to achieve the energy-saving goal for rural residential buildings with minimum energy consumption.

Property valuation in UK: climate change targets and the value of UK investment properties – a change in sea level[1]

2020 ◽  
Vol 38 (5) ◽  
pp. 471-482
Author(s):  
Nick French
Keyword(s):  
Energy Efficiency ◽  
Minimum Energy ◽  
Content Type ◽  
Negative Capital ◽  
Potential Impact ◽  
The Uk ◽  
Value Changes ◽  
Energy Efficiency Standards ◽  
Practical Implications ◽  
Rental Value

PurposeThe UK government, in late 2019, announced new proposed targets for the energy efficiency legislation in the UK, MEES – Minimum Energy Efficiency Standards. The current suggestion is that all let properties, commercial or residential, need to be B rated by 2030. If this is implemented, it will have a significant impact upon the UK market property investment market.Design/methodology/approachThis practice briefing is an overview of the 2018 legislation and comments on how market awareness has changed since its introduction and the potential impact upon prices of affected properties moving forwardFindingsThis paper discusses how capital and rental values are beginning to be discounted in the market to allow for current and future liabilities under the MEES legislation. This has a significant impact on strategies for property investment.Practical implicationsThis paper analyses the likelihood of (negative) capital and rental value changes under the proposed stricter energy efficiency guidelines.Originality/valueThis provides guidance on how valuations can be undertaken to reflect any impact of the likely changes to UK energy efficiency legislation.

Projected electricity savings from implementing minimum energy efficiency standard for household refrigerators in Malaysia

Energy ◽  
2003 ◽  
Vol 28 (7) ◽  
pp. 751-754 ◽  
Author(s):  
T.M.I. Mahlia ◽  
H.H. Masjuki ◽  
R. Saidur ◽  
I.A. Choudhury ◽  
A.R. NoorLeha
Keyword(s):  
Energy Efficiency ◽  
Minimum Energy ◽  
Energy Efficiency Standard

scholarly journals Impact of Adding Comfort Cooling Systems on the Energy Consumption and EPC Rating of an Existing UK Hotel

2020 ◽  
Vol 12 (7) ◽  
pp. 2950
Author(s):  
Shiva Amirkhani ◽  
Ali Bahadori-Jahromi ◽  
Anastasia Mylona ◽  
Paulina Godfrey ◽  
Darren Cook
Keyword(s):  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Minimum Energy ◽  
Energy Performance ◽  
Emission Rates ◽  
Cooling Systems ◽  
Heating Systems ◽  
Energy Efficiency Standard ◽  
The Uk ◽  
The Impact

In light of the recent launch of the Minimum Energy Efficiency Standard and its expected impact on the commercial buildings sector, this study investigated the impact of adding cooling systems on the annual energy consumption, carbon dioxide emissions and energy performance certificate (EPC) rating of an existing UK hotel. Thermal Analysis Software (TAS) was used to conduct the study, and the baseline model was validated against the actual data. As is the current accepted procedure in EPC generating in the UK, the cooling set points of the guest rooms were set to 25 °C, resulting in a small increase in the annual energy consumption and emission rates, but not enough to change the energy performance certificate rating. Also, it was found that an improvement in energy consumption and energy performance certificate rating of the hotel would be achieved if the new systems replaced the existing heating systems in the guest rooms. Further simulations investigated more realistic situations, in which occupants may decide to keep their rooms at cooler temperatures. The results from this round of simulations showed considerable increase in the energy consumption and emissions of the building; however, these results would not be considered in the current approved procedure for EPC generating.

The impact of Minimum Energy Efficiency Standards on the UK investment market: one year on

2019 ◽  
Vol 37 (4) ◽  
pp. 416-423 ◽  
Author(s):  
Nick French
Keyword(s):  
Energy Efficiency ◽  
Minimum Energy ◽  
Investment Strategies ◽  
Content Type ◽  
Potential Impact ◽  
One Year ◽  
The Uk ◽  
Energy Efficiency Standards ◽  
The Impact

Purpose The purpose of this paper is to provide an update on how the 2018 energy efficiency legislation in the UK, Minimum Energy Efficiency Standards (MEES), is impacting upon the UK market with a particular emphasis on the investment market. Design/methodology/approach This practice briefing is an overview of the 2018 legislation and comments on how market awareness has changed since its introduction and the potential impact upon prices of affected properties moving forward. Findings This paper discusses how capital and rental values are beginning to be discounted in the market to allow for current and future liabilities under the MEES legislation. This has a significant impact on strategies for property investment. Practical implications The role of the property professional is to ensure that clients are fully conversant with their statutory obligations and to advise on appropriate investment strategies to optimise their property portfolios. Originality/value This paper provides insights on the requirements of MEES legislation to aid the property professional.

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