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Green Deal

Green Deal. Network VEKA AGM 29 th September 2012. Contents. Background What is The Green Deal (and ECO)? When will it commence? How will it work? What do we need to do? Opportunities and threats for our industry. Background. Government backed initiative to:

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Green Deal

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  1. Green Deal Network VEKA AGM 29th September 2012

  2. Contents • Background • What is The Green Deal (and ECO)? • When will it commence? • How will it work? • What do we need to do? • Opportunities and threats for our industry

  3. Background Government backed initiative to: Reduce CO2 Improve energy efficiency Save money • ¼ of UK emissions come from our homes • Almost same amount come from businesses, industry & workplaces.

  4. What is Green Deal • A financing mechanism. • Offer consumers access to 30 (app.) energy efficient measures at no up-front cost. • Loan is attached to electricity meter not the individual. • Finance paid back over time through savings generated by measures. • I.e.: Must meet the “Golden Rule”

  5. What is ECO • Energy Company Obligation. • Replaces CERT/CESP • Grants funded by energy companies (through our bills) • Aimed at vulnerable households • And hard to treat properties (e.g.: solid wall).

  6. When will it commence? • Soft launch October! • In reality, early 2013 as finance mechanism is not yet in place. • Interested companies can begin the registration process now!

  7. How Will it Work? • Registered/Accredited • Compliance with GD Standards/COP • Authorised to use GD Quality Mark

  8. What do we need to do?

  9. Opportunity or Threat? • Approx. 6 million households have no double glazing. • Approx. 1 million window replacements per annum. • Approx. 7 million solid wall properties not insulated. • Collaboration may open up other markets. • 80% of homes are at least 80% double glazed. • Many windows replacement windows will not meet “The Golden Rule” as a stand alone measure. • Packages of measures or part self-financing needed. • Large companies offering one-stop-shop (British Gas, Kingfisher etc.)

  10. Keep an eye on…… • Proposals in 2013 Part L consultation. • Consequential improvements! (CI’s). • Could be triggered on replacement window installations from April 2014. • CI costs could be met by Green Deal finance (no up-front cost).

  11. Thank you for listening Questions?

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