Barclays and British Gas announce strategic partnership to support customers explore making their homes more energy efficient

24 April 2023

Sustainability

Media Relations

Through the partnership, Barclays is launching an offer to its UK residential mortgage customers of a Hive Thermostat Mini, a Hive Hub Nano and professional installation, at a 50% discount
Barclays and British Gas have shared ambitions to help customers think about how they could live more sustainably, in a way that works for them, and are discussing further propositions

Barclays and British Gas are announcing a strategic partnership, focusing on helping customers explore ways they could make their homes more energy efficient. The partnership is launching with an offer of a 50% discount on a Hive Thermostat Mini for Barclays UK residential mortgage customers.

"We’re excited to partner with Barclays in providing energy efficiency solutions to homebuyers. We recognise that many households are being cautious with their spending currently so want to make sure the right services are there for those who can make changes to their homes to lower their emissions and save on bills."

Andrew Middleton, Managing Director of Net Zero at British Gas

Recent research from British Gas revealed that 51% of respondents said higher energy prices made them more likely to look at “installing energy efficiency products” in the next 12 months. Smart thermostats are a relatively low-cost home improvement that can help customers control their energy use.

Through this offer, Barclays UK residential mortgage customers can receive a Hive Thermostat Mini (including Hive Hub Nano v2.5) and professional installation for a one-off cost of £109.

Barclays and British Gas have shared ambitions to help customers to live more sustainably, in a way that works for them, and are exploring additional ways to support Barclays customers, with further announcements expected this year.

Nick Stace, Head of Sustainability at Barclays UK, comments: “We want it to be easier and more affordable for customers to make their homes more energy efficient. Offering the Hive Thermostat Mini at a discount is one way we can do this for our UK residential mortgage customers, alongside our Greener Home Reward which provides a cash reward of up to £2000 towards the cost of making bigger energy efficiency-related home improvements.

“Through our partnership with British Gas, we are committed to helping customers explore ways they could save energy, save money and make greener choices.”

Andrew Middleton, Managing Director of Net Zero at British Gas, added: “We’re excited to partner with Barclays in providing energy efficiency solutions to homebuyers. We recognise that many households are being cautious with their spending currently so want to make sure the right services are there for those who can make changes to their homes to lower their emissions and save on bills. Our expert teams and engineers are already installing electric car charging points, heat pumps and solar panels and improving the insulation of millions of properties around the country each day.”

NOTES

Notes to Editors

For further information, please contact: Louise Pancott: louise.pancott@barclays.com or Jennifer Plews: Jennifer.Plews@centrica.com

Terms and Conditions can be found at: https://www.barclays.co.uk/sustainability/greener-homes/hive-thermostat-mini/terms-and-conditions/

British Gas Net Zero Homes Index: https://www.centrica.com/sustainability/the-british-gas-net-zero-homes-index/

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. For further information about Barclays, please visit our website home.barclays.

About British Gas

British Gas is Britain’s leading supplier of energy and services and the country’s biggest retailer of zero carbon electricity. We are part of Centrica, a company founded on a 200-year heritage of serving people. We provide energy and services to over 7 million UK homes and businesses, supported by around 7,500 highly trained engineers and technicians. We also offer a range of innovative products and services, including Hive and our on-demand digital trades service, Local Heroes. Our purpose of helping Our purpose of helping customers live sustainably, simply and affordably drives our strategy and our People and Planet Plan.

About Hive

Hive launched in 2013 and is one of the top smart thermostat providers in the UK. With 1.9 million customers and counting, it is part of the British Gas net zero business unit. Our Hive smart thermostat and other services help our customers manage their energy use, enabling them to lower their carbon footprint. Hive focusses on making everyday life a little easier, freeing people up to spend time doing the things they love. The range of Hive products and services are designed to work together, to offer affordable, easy to use solutions and make a difference in people’s lives. 