I have often been asked, why is energy efficiency so important? Well, it is a win-win-win scenario: it saves money, creates business opportunities and reduces emissions. As everyone is working to cut costs, energy efficiency is the obvious place to start.
Becoming more energy efficient offers huge potential, and improving the efficiency of our houses and businesses is a great place to begin. This is where the Green Deal comes in. We have the worst performing buildings in Europe, so there is a lot of scope to make progress in this area. I want the Green Deal to be the biggest home improvement campaign this country has seen since the Second World War.
The Green Deal is different to previous energy efficiency policies as it removes the barriers preventing people from making those energy efficiency improvements. The biggest barrier is obviously cost. Through the Green Deal British homes and businesses will be able to upgrade their homes to be fit for the 21st century at no up font cost, and repayments are then made over time out of the energy bill savings. The “golden rule” means that any charge attached must be less than the expected savings from the efficiency improvements.
We have made a good start. We now have the foundations enshrined in the Energy Act 2011 and on 23 November we launched the Green Deal and ECO consultation.
The Green Deal is a big opportunity for us all and we want to make sure we get it right. However, we cannot do this without your help. We really want to hear your views. Please take a look at the consultation document, it is quite long but we wanted to share as much detail as possible. Do let us know if the Green Deal will work for you.