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Podcast: The Property Nomads Podcast
Episode: £5,000 for heating and hot water in South London!
Description: Rob unpacks the troubling situation surrounding the North Peckham Heating Network in Southwark, South London regarding the exorbitant estimated heating bills faced by residents, exemplified by a case where a tenant received a shocking annual bill of over £5,000 due to the communal heating system. KEY TAKEAWAYS Residents in the North Peckham heating network are facing exorbitant heating bills, with one individual receiving an estimated annual bill of over £5,000 due to the communal heating system. Communal heating networks are not covered by Ofgem's energy price cap, allowing providers to charge unregulated prices for gas, which can lead to...