Low-income and rural households 'more vulnerable' to climate-related hikes to energy bills

Energy usage is 40% higher in rural areas, largely due to bigger properties and higher transport expenditure, Central Bank said.

Low-income households and large rural properties are “significantly more vulnerable” to climate-related hikes to their energy bills in the future, the Central Bank has said.

In a piece of research published on Thursday, the Central Bank examined how policy related to climate change could affect households and the potential impact of long-run energy price rises on mortgaged households.