Energy Act paves the way for Green Deal

The legal framework for the Green Deal, to be launched in Autumn 2012, is now in place with The Energy Act having become law. The Green Deal is expected to revolutionise the energy efficiency of homes and businesses in the UK. It will help people insulate against rising energy prices, creating homes which are warmer and cheaper to run.

Chris Huhne, Energy & Climate Change Secretary, said, ‘The Green Deal will be as easy as ABC by making work affordable, providing bespoke independent advice and choice in the market from well known and trusted high-street names.’

Climate Change Minister Greg Barker said, ‘As well as helping save money through home energy improvement, the Green Deal will be a massive business opportunity. It’s expected to attract capital investment of up to £15 billion in the residential sector alone by the end of this decade. At its peak, the Green Deal could support around 250 000 jobs.’

A key element of The Energy Act is to remove the upfront cost of energy-efficiency measures, with the work being repaid over time through a charge on the energy bill. The repayments must obey a ‘golden rule’ whereby the charge is no more than the expected savings, meaning householders should save from day one.

High standards will be crucial — from the first independent home energy assessment to getting the job done by qualified installers. All Green Deal participants will need to carry a ‘quality mark’ so customers know they can be trusted to do a good job.

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