Posts tagged Efficient energy use
The Green Deal will give homes and businesses a new way of paying for energy efficient improvements, such as insulation and new heating systems.
The scheme is expected to support 60,000 jobs in the insulation sector by 2015, providing a real boost for the expanding market of energy efficiency products and the construction industry.
Mr Crabb said: “Thousands of homes across Britain are wasting energy and money because of poor energy efficiency, yet demand for measures to counter this remains low. The Green Deal gives people the opportunity to make this right.
“And today, we will see that it’s not just consumers that will benefit. The Green Deal is also great for business, creating a new market and new jobs.”
The Greendeal programme provides funding of up to £15,000 for each home which can be used to install one or more officially approved Greendeal measures.
Green Deal in numbers
- £125 million is available in the Government funded Cashback Scheme
- 8 million households could benefit from solid wall insulation
- 4 million households could benefit from cavity insulation
- 60,000 jobs are expected to be supported in the insulation sector alone by 2015 – up from 26,000 in 2011
- £3.5 million of funding to training in key Green Deal skills
- £270 a year could be saved if a typical three bedroom semi-detached house installed just solid wall insulation
- 38% of the UK’s total greenhouse gas emissions come from leaky buildings
Major industry Players back the Green Deal Finance Company as £244m funding package is ready to flow
The Green Deal Finance Company (GDFC) has confirmed a £244 million funding package to set-up Green Deal Plans that will enable providers across the country to begin work on the scheme.
The GDFC can also confirm the 16 organisations behind the stakeholder loan – all key players in the Green Deal. This package will provide very long-term and low-cost funding to enable householders across all parts of the country to finance energy efficiency improvements to their homes.
The 16 organisations behind the stakeholder loan are key players in the Green Deal, including energy suppliers, potential Green Deal installers and the Department of Energy and Climate Change. They are British Gas, Carillion, CertiNergy, CIGA, the Department for Energy & Climate Change, Domestic and General Insulation, EDF Energy, E.ON, Gentoo, InstaGroup, Kingfisher, Newcastle City Council, RWE npower, PricewaterhouseCoopers LLP, SSE, and ScottishPower.
The financing package consists of:
- committed funding of £69 million from 16 members of the company and other stakeholders in the Green Deal in the form of Stakeholder Loans and Junior Capital
- an additional Junior Capital Facility of £20 million and a Contingent Capital Facility of up to £30m provided by DECC
- a senior debt facility of £125 million provided by the UK Green Investment Bank
Mark Bayley, Chief Executive of the Green Deal Finance Company, said: “I am delighted to confirm the completion of the £244m financing package with our principal stakeholders, DECC and the UK Green Investment Bank. We can now offer Green Deal Providers a one-stop-shop to set up, finance and administer Green Deal Plans.
“By ensuring that householders can only borrow what they can expect to save in energy bills, and by offering a fixed rate for 10 to 25 years, Green Deal Plans will be affordable and widely available to over 80% of the population. No other consumer credit product offers a fixed rate for up to 25 years and is this inclusive.”
“I am also delighted to be making this announcement after very strong growth in Green Deal assessments of energy-saving measures requested by householders during March, well in excess of the 1,800 or so assessments carried out in February. Many of these assessments can be expected to convert into Green Deal Plans as householders install the measures into their homes.”
Commenting on the publication of the latest Green Deal statistics, Energy and Climate Change Minister Greg Barker said: “It is clearly very early days but the latest figures on the Green Deal show that this new market is gathering real momentum. 9,268 Green Deal assessments taking place in just over two months is very encouraging and shows a genuine interest from consumers.
“The Green Deal gives people the opportunity to improve the efficiency of their homes, make them warmer and protect themselves from rising energy bills.
“The number of businesses getting on board continues to rise steadily, underlining that the Green Deal offers fantastic new commercial opportunities.
“48 firms are now authorised as providers, with a further 831 registered to carry out installations and over a thousand individuals registered to offer assessments. Overall this is a really promising start for the Green Deal.”
What is your reaction to the £244 million funding for the Green Deal initiative that will finance energy efficiency improvements to people’s homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Communities Minister Don Foster has committed to improving energy efficiency levels in new homes that will save up to £100 per year in bills and boost the trades.
A programme of work between the government, manufacturing and construction industry will look at where some new build homes are failing to match up to expectations, from building materials to construction practices, paving the way for new jobs across key sectors in the trades.
This work will include a programme of testing homes’ energy efficiency and a set of recommendations for making future improvement on the buildings that need additional work.
Speaking at the Eco-build green building conference today Don Foster said: “Home energy bills are one of the biggest costs that people and families face, especially during a really cold winter such as this one.
“I want to do everything to cut bills by making homes in this country the most energy efficient possible. From today government and industry will be working hand in hand to ensure new build homes live up to expectations, and drive energy bills down for householders.
“The alternative would be further regulation of industry but I do not want to add red tape and financial burdens that would just be passed on to already struggling homebuyers. Instead I want to work with industry to improve standards and performance in practice.”
New build homes in England are some of the best quality in the world, with existing high standards on energy efficiency. Today’s deal will be overseen by the Zero Carbon Hub, which brings together industry including the Home Builders Federation, Construction Products Association and the National House-Building Council.
The scheme will run from 2013 to 2020, with the first set of recommendations for improvement due next year. The government will be providing £380,000 with a further £1 million of cash and in-kind support from industry.
The reforms to the scheme are set to deliver 55 per cent cost reduction and a total of £272 million worth of savings for participants in the in the scheme.
The simplification of the CRC programme will make it easier for businesses to feel the benefits of using less energy, and will also support jobs in the energy savings industry.
The changes are expected to increase demand for energy efficient products and services.
Minister of State Gregory Barker said: “Energy efficiency increases productivity and is good for growth so it is important that we continue to incentivise this through the CRC.
“We have listened to the concerns of business and radically simplified the scheme in order to cut down on administrative costs and red tape. And we will consider how to encourage new renewable on-site generation through the CRC scheme.
“The scheme will now be more flexible and light-touch, saving participants money and helping them to save energy”.
Reforms to the CRC Energy Efficiency Scheme include:
- Reducing the number of fuels that participants have to report against from 29 to 2 (electricity and gas for heating).
- Reducing scheme complexity by removing the 90% rule and Climate Change Agreements (CCA) exemption rule.
- Abolishing the Performance League Table but continuing to publish participants aggregated energy use and emission data.
- Reducing overlap with other climate change legislation.
- Withdrawing all state-funded schools in England from the scheme.
- Government will consider how the CRC can incentivise the uptake of new onsite renewable self-supplied electricity.
Today, seven cities across England are set to receive a share of the £12 million fund which will kick-start the Green Deal and boost the trades.
Birmingham, Bristol, Leeds, Manchester, Newcastle, Nottingham and Sheffield are the cities which have put proposals to lower their carbon emissions.
The Green Deal is a Government-backed scheme which offers loans to people to help make their homes more energy efficient.
The money will enable professional builders and trade firms to try certain elements of the scheme including assessment and installation of energy efficient measures.
Energy Secretary Ed Davey said: “These cities have really ambitious plans to lower their emissions, reduce energy use and help people save money on their bills.
“This funding will help them get up and running and I look forward to seeing a number of properties across whole communities get the energy efficient improvements they need.”
Earlier in the year, the Government announced that cities would be given greater freedoms, powers and tools to help them go for growth.
The new funding will test elements of the Green Deal framework and provide early feedback for the scheme’s future implementation.
It is expected to deliver around 2,500 retrofits to households and non-domestic properties across the seven major cities, providing support to local supply chains and registered installers.
Prior to hosting the International Conference on Clean Energy in London this week Energy and Climate Change Secretary, Edward Davey, said that innovation in developing green technology should be a key drive in tackling climate change as well as improving energy efficiency.
Mr Davey said: “Part of the way that we’re going to tackle climate change and get clean energy is through innovation, particularly with small and medium entrepreneurs.
“We’re allocating a fund of £35 million which will help innovators and entrepreneurs develop and demonstrate low carbon technologies.”
He commented: “The first wave is going to be in energy efficiency in buildings, things like advanced lighting, heat pumps, ventilation technologies and so on. This is a practical way that we can make sure we get to the low carbon economy.”
Small and medium businesses will be able to benefit from the financial support of £35 million over the next three years by demonstrating their ideas and improving energy efficiency in the UK. Firms can apply for up to £1 million funding from the government which is expected to help them secure additional investment from the private sector.
In addition to the announced funding opportunities for the renewable sector, a new dedicated low carbon funding navigator will go live tomorrow. The website will help users and a wide range of businesses to search for the latest funding opportunities in the low-carbon industry. It will help industry professionals to find the right partners and build collaborative ventures.
The Department of Energy and Climate Change expects that by creating the new service and placing valuable information at users’ fingertips it will help smaller businesses to reduce wasted time and missed opportunities.
What do you think about the £35 million energy fund that will provide innovative support for small and medium businesses? How could you or your business benefit from this investment? Share your thoughts by leaving a comment below:
Business Green reported today that a new job plan estimated to create 20 million jobs across Europe will boost the renewable sector and make low-carbon industries central to the 27 EU member states.
The proposed job package could create millions of new jobs in Europe’s construction, recycling and renewable industry. The scheme has been launched to deal with high level of unemployment in countries across the European Union and is expected to create long-term job opportunities.
European Commissioner for Climate Action, Connie Hedegaard, welcomed the proposals saying that energy efficiency measures could lead to 2 million jobs in the renewable industry by the end of 2020, Business Green reported.
Commissioner Hedegaard encouraged EU member states to comply with energy-efficiency targets set in the Energy Efficiency Directive which was introduced to improve energy efficiency by helping consumers using energy more efficiently at all stages of the energy chain.
Ms Hedegaard emphasised the importance of the renewable industry for creation of jobs and future economic growth. “If Europe does not step up its green economy efforts, we risk losing an immense source of quality jobs,” she said. “If we water down our efforts on energy efficiency, we water down the job potential as well.”
What is your reaction to the new job plan likely to create millions of jobs in the renewable sector? Are you more optimistic about the future of the renewable sector? Share your thoughts by leaving a comment below:
The Department of Energy and Climate Change (DECC) has committed an investment of £3.5 million to help more tradespeople become qualified as part of the governments’ energy efficiency scheme, the Green Deal.
Trained and skilful professionals are crucial for getting the Green Deal right. The new investment will contribute towards the training of hundreds of assessors, installers and existing trade professionals who will make energy efficient improvements to thousands of homes in the UK.
Energy and Climate Change Secretary, Edward Davey, said the £3.5 million will help hundreds of people to prepare for accurate implementation of the Green Deal and deliver a real success on the ground. The energy efficiency scheme will renovate millions of homes and office buildings across the UK which are currently inefficient, and will create up to 65,000 jobs by 2015.
Mr Davey said: “We have worked hand in hand with industry to get this right and are targeting funding at the areas where there is an urgent need as well as a clear demand. We hope this will encourage businesses across the country to fully prepare their staff for the launch of the Green Deal later this year.”
The announcement comes as Scotland’s first minister, Alex Salmon, approved a £1 billion investment for the wind energy industry. This will create 600 additional jobs in the renewable industry and power nearly half-a million homes across Scotland.
What is your reaction to the new investment by the DECC to meet the demand for energy efficient schemes across the UK? Share your thoughts by leaving a comment on Train4TradeSkills’ Facebook and Twitter pages:
A leading energy efficient firm has published a report suggesting that the UK’s manufacturing industry could save as much as £1.4 billion per year by switching to a new lighting technology which will significantly reduce spending on energy costs.
The report, entitled The Light Bulb Moment, is based on a 4-year survey conducted by Vita Energia across 500 manufacturing and industrial firms, each employing over 100 members of staff. Vita Energiaexplores the different methods that UK businesses can use to improve their energy efficiency with minimal investment and help cut carbon emissions.
It has been estimated that by upgrading existing lighting technology, UK manufacturing and industrial businesses could make huge savings which will have a real impact on energy usage in commercial premises across the UK.
The report concludes that addressing the current light efficient systems within the manufacturing sector will provide a timely boost to the UK’s industry operational performance and contribute to economic growth in the future.
Director of Vita Energia, Duncan Stevens, said that the report is a valuable indication for UK business to optimise their performance and make improvements across different manufacturing and industrial sites in the UK.
Speaking to Business Green, Mr Stevens said: “The calculations are very robust, they are based on detailed surveys of lighting technologies and fittings, and energy prices at a variety of locations; the evidence is there that energy efficient lighting systems can save firms a lot of money.
“The technology is now proven and people can see it delivers substantial savings; the focus for businesses has to be on the economic case for these types of deployments.” Mr Stevens added.
What is your reaction to the report by Vita Energia? Do you think you or your business could make savings by adopting more efficient lighting systems? Share your thoughts by leaving a comment below:
Today, Mr Davey has unveiled that he has created a dedicated team within the Department of Energy and Climate Change (DECC) to look at different methods of improving energy efficiency and making it more relevant to people’s everyday life.
Speaking at a meeting with key industry leaders in London today, the Energy Secretary explained that the Green Deal is a vital policy not only for the environment, but also for economic growth and job creation across Britain.
Mr Davey said: “I’m hugely enthusiastic about energy efficiency. It’s the cheapest way of cutting carbon emissions – and cutting bills for consumers. It has to be right at the heart of what we do.”
The dedicated team at the new Energy Efficiency Deployment Office (EEDO) will work in collaboration with other energy departments to communicate the positive implications the scheme is going to have on the environment as well as to the renewable sector.
This year the government will enable homeowners to take a loan to install insulation or other energy-saving measures to help the environment. People will be able to install packages of energy saving technologies such as insulation at no upfront cost with repayments made over time out of the energy savings.
Davey emphasised the importance of the project for the thousands of people who will to benefit from the significant government investment and contribute for greener and more efficient economy.
He said: “The Green Deal will play a huge part in this work and will also support jobs in the insulation and construction industries– as many as 65,000 right across the country by 2015. It can help us deliver a fairer, greener economy. And help us get young people back into work – or into work for the first time.”
What is your reaction on Davey’s commitment to push forward for the Green Deal and improve energy efficiency? Baring in mind the 65,000 people who will be employed as result of the scheme do you share minister’s enthusiasm about new jobs? Let us know by leaving a comment here: