The cost of living crisis threatens to put much of Britain on the breadline, with rising energy bills and soaring food costs. Millions of households will see their energy bills shoot up nearly £700 this April after regulator Ofgem confirmed an eyewatering hike of 54% after a 12% rise in October.
The unprecedented increase in global gas prices has sent at least thirty companies under, while those who remain pass on the costs to consumers. One of those customers might have to fork out more than most due to the sheer size of her house. The Queen's energy bill is set to rise by over £200,000, according to smart heating service BOXT.
Buckingham Palace - which has 775 rooms - has an estimated energy bill of £263,342.94, rising to £476,790.95 this year. This is the equivalent to 826 UK households and much higher than the average yearly heating bill which is £577. Other energy thirsty landmarks include The Houses of Parliament, the Shard, and the O2.
Parliament's bill might rise from nearly £400,000 to nearer £700,000, while the Shard will rocket from near £200,000 to £350,000. The cost of heating the O2 is set to double to £120,000 a year. The study uses the estimated size of the building, the average cost per kWh of gas in the UK, and the average energy used per meter squared of a home in the UK.
READ MORE: The really posh reason the Queen's cleaners can't use vacuum cleaners in Buckingham Palace
According to the Palace: "Combined Heat and Power has been in use at Buckingham Palace and Windsor Castle since 1994-95. These units convert natural gas into electricity, with the heat produced by this process being used to provide heating and hot water. As a result, Combined Heat and Power reduces the Royal Household's greenhouse gas emissions, energy costs and reliance on the National Grid.
"Staff from across the Royal Household work closely to reduce the energy used to heat, light and cool our buildings. Energy consumption is monitored through a network of over 60 smart meters installed across the estate."
According to Energy Helpline, there are other factors to consider which might make the costs much higher. It said: "Buckingham Palace was originally built in 1703 and while it’s seen several expansions and renovations since then some of its systems are still stuck in the past. Certain radiators in the Palace are over 60 years old while the heating and electrical cabling date back to the 1950s. Older systems such as these are significantly less energy efficient meaning they generally cost a lot more to run."
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