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Only Green Deal confirmed for Energy Security and Green Economy bill
Current uncertainty surrounds the contents of the Energy Security and Green Economy bill, reports Envido.
The Green Deal is the only part of the government's low-carbon agenda that is currently certain to make it into the final version of the bill. The Green Deal will allow households to take out loans to pay for energy efficiency improvements and then make repayments through the energy bill savings that result. It is also expected that the Green Deal would set out the legal framework that will allow green loans to be attached to the building rather than the individual, to ensure that when a person moves house they no longer have to make repayments.
In a potentially significant move for the green building sector, the government also confirmed the Green Deal scheme would cover businesses as well as households.
The DECC is currently assessing which elements of its low-carbon agenda require primary legislation apart from the Green Deal
Two of the most controversial green policies - its proposal to enforce a floor price for carbon and the extension of the feed-in tariff to reform renewable energy incentives - were both absent from the list of measures that could be included in the final Energy Security and Green Economy bill.
The extension of the feed-in tariff in particular is likely to require either an amendment to the previous government's energy bill or the introduction of new legislation. In the mean time, the renewable energy sector will have to wait for clarification on how its subsidy regime will change.
Ifti Akbar, Managing Director at Envido said: "It is essential that the new legislation delivers on the coalition's election promises, such as a green investment bank and pollution standards for power stations.”
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