King Charles and Prince William face £10m energy upgrade bill for estates
Summary
King Charles and Prince William may need to spend up to £10 million to improve the energy efficiency of rental homes on their private estates. New government rules require landlords to have energy ratings of C or higher by 2030, and most properties on these estates currently have lower ratings.Key Facts
- Landlords must have energy performance certificate (EPC) ratings of C or above by 2030, up from the current minimum of E.
- EPCs show how energy-efficient a property is, with grades from A (best) to G (worst).
- Almost 90% of rental homes on the Duchies of Cornwall, Lancaster, and Sandringham estates have energy ratings of D or lower.
- It could cost up to £10,000 per property to upgrade them to meet the new standards.
- Landlords may face fines of £30,000 for each property that does not meet the requirements.
- The Duchy of Lancaster, Sandringham, and Duchy of Cornwall estates cover large areas in England and generate significant income for the royal family.
- The King inherited Sandringham and the Duchy of Lancaster in 2022 and passed the Duchy of Cornwall to Prince William.
- The government aims to improve energy efficiency to reduce fuel poverty and lower energy bills for households.
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