24. Green Deal
• Established by the Energy Act 2011
• Loan scheme attached to energy bill.
Governed by the consumer credit act
• Attached to the electricity meter (why?)
• Open to all tenures
• Supervised by ‘Independent’ Body (Ofgem)
• Long term – up to 25 years
• Contains the ‘Golden Rule’
25.
26. “As well as helping people
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 and
at its peak, the Green Deal
could support around
250,000 jobs.”
Greg Barker
27.
28. The Golden Rule
Cost
£
Saving
Overall reduced
Energy Bill
Energy bill
Energy Bill Without Green Deal
Green
Deal
Payment
Energy bill
Energy Bill with Green Deal
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42. ‘If future generations
are to remember us
more with gratitude
than contempt, we
must leave them
more than the
miracles of
technology. We must
leave them a glimpse
of the world as it was
in the beginning, not
just after we got
through with it.’