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Upfront Finance for Businesses - Green Deal’s Cost Savings

Posted on: 2011-09-12 12:15:26


The latest news on the Energy Bill Report stage: House of Commons 14.09.2011

'Green Deal' is the scheme whereby householders, private landlords and businesses will be given finance upfront to make energy efficiency improvements, which will then be paid for by energy bill savings. It also introduces a range of other provisions to encourage low carbon generation. The latest news on the Energy Bill Report stage:

The Bill is due to have its report stage and third reading on 14 September 2011.

Summary of the Bill

The flagship policy in the Bill is the 'Green Deal', a scheme whereby householders, private landlords and businesses would be given finance upfront to make energy efficiency improvements, which would then be paid for by energy bill savings. It also introduces a range of other provisions.

Key areas

Establishes a new obligation on energy companies to help certain groups of consumers, who need extra support, with saving energy

Facilitates the roll-out of smart meters

Widens access to energy performance certificates

Makes information on energy bills clearer

Introduces measures designed to help improve energy security and to encourage low carbon generation

Grants additional powers to the Coal Authority to charge for certain services


SOURCE:

parliament uk

 

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