Rising Energy Bills Top Concern For Households
Rising energy bills are the number one concern for European households, according to a report by Kingfisher.
Europe's largest home improvement company and owner of B&Q said that 65% of homeowners say increasing energy prices are their primary household concern.
In its survey of 17,000 people across nine countries, Kingfisher found it was more than double the 23% who were worried about mortgage or rent repayments.
Due to the level of concern, it said people are eight times more likely to prioritise energy efficient changes in their home, compared with two years ago.
According to the company, 31% intend to update their homes' energy efficiency, compared to just 4% in 2012.
Kingfisher chief executive, Sir Ian Cheshire said: "Rising energy prices are a very real fear - right across Europe, a bigger concern even than worries about paying the rent or mortgage.
"There is a staggering increase in the number of people who intend to prioritise energy efficiency and it is soaring bills that is driving this agenda."
The findings come following a move last week by energy regulator Ofgem to control electricity pricing for the next eight years from 2015.
The watchdog said the plans will lead to a £12-a-year reduction in household bills.