The UK government wants to reach net zero emissions by 2050. As part of its work, it’s looking to reduce emissions across a wide range of sectors, including property. From April 2023 new rules on energy efficiency will come into force in England and Wales which will affect anyone planning to let out or sell a commercial or residential property.
From April 2023, it will be a legal requirement for all commercial rented properties to have an EPC (Energy Performance Certificate) rating of at least E.
This is currently a legal requirement for commercial and residential properties before they can receive a new or renewal lease, but from next year this requirement will be extended to both new and existing commercial leases too.
Energy Performance Certificates (EPCs) set out how energy-efficient a property is from A (most efficient) to G (least efficient). They also show the potential level of emissions and associated costs of improving the rating for that property. Owners must obtain an EPC whenever a property is built, sold or rented. Landlords potentially face large bills to ensure their properties are compliant.