The Department of Energy and Climate Change (DECC) has confirmed its policy shift away from the able-to-pay domestic energy efficiency sector at a launch event for a new research project seeking to link energy costs with mortgage lending.
A replacement scheme for the able-to-pay domestic energy efficiency sector is to be delayed until 2017 with only a set of principles to be outlined by the end of the current calendar year, according to the parliamentary under secretary of state for climate change.
The Energy and Climate Change select committee has heard that future home energy efficiency policy needs to build demand from consumers and use the existing supply chain to meet it.
Two energy efficiency companies have been named among the fastest growing private companies in the UK despite the “tumultuous” year for the market following significant changes to government policy.
Cuts to green policies have threatened to significantly dent the uptake of energy efficiency measures in the home, however a new initiative launched by mortgage provider Nationwide could not only promote the efficiency agenda, but add tangible value to clean technologies for potential homeowners. David Pratt looks into the scheme and what it could achieve.
Ex-energy secretary Ed Davey and former energy minister Lord Barker have admitted to failures in the formation of the Green Deal, but stressed there is still a place for a pay as you save efficiency scheme in the UK.
The Green Deal was “far too ambitious” in its policy aims and was a good idea that was “poorly implemented”, an Energy and Climate Change Select Committee hearing has heard.
Energy secretary Amber Rudd has revealed that a replacement for the Green Deal has been lined up for release early next year.