Green Deal and ECO

The Green Deal

The Green Deal is a scheme, originally designed by the government, now backed by private investors, that enables individuals and businesses to make energy efficiency improvements to residential and commercial property funded through a ‘pay-as-you-save’ approach. Green deal providers arrange low-cost finance for the improvements without any up-front payment. Instead, the costs of making the energy saving improvements are added to the energy bills at the property and paid off in instalments by the energy bill payer in line with the Green Deal Golden Rule. The Golden Rule is that the expected financial savings resulting from the energy efficiency measures must be equal to or greater than the costs attached to the energy bill. The burden of the repayments remains with the property, and therefore transfers to the new owner/occupier when a building is sold/let.

The Green Deal was introduced through the Energy Act 2011 (EnA 2011) and has been implemented through a series of regulations and orders, which provide details to the scheme, such as the Green Deal Framework (Disclosure, Acknowledgment, Redress etc) Regulations 2012 (GDFR 2012),

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Powered by Lexis+®
Latest Environment News

Environment weekly highlights—21 November 2024

This week's edition of Environment weekly highlights includes: analysis on the consultation on expanding tax conditionality to new sectors, the case of Smallbrook v BCC, considering the tension between proposals seeking to reuse and repurpose buildings and those seeking to demolish and rebuild them and will be of relevance to those involved in regeneration projects which consider the two alternatives, and what businesses need to know about ASA, AI and greenwashing. It also covers developments at the 29th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP29), the Office for Environmental Protection (OEP) and Green Alliance (GA) being granted permission to intervene in the appeal of R (Rights Community Action Ltd) v the Secretary of State for Housing, Communities and Local Government [2024] EWHC 1693 (Admin) and the launch of the Global Clean Power Alliance at G20 summit. In addition this week, the Department for Energy Security and Net zero (DESNZ) has announced of plans to introduce legislation aimed at restricting the future licensing of new coal mines in the UK the Office for Environmental Protection (OEP) has launched an investigation into the legality of the Department for Environment, Food and Rural Affairs (Defra)’s Statutory Guidance on applying the Farming Rules for Water, , the Department of Agriculture, Environment and Rural Affairs (DAERA) Minister, Andrew Muir, has announced an independent review of environmental governance in Northern Ireland, Defra has announced an update on the implementation of the Deposit Return Scheme (DRS) for drinks containers, reaffirming its commitment to launching the DRS across England, Scotland, and Northern Ireland in October 2027 and the Environment Agency (EA) has launched a consultation titled ‘River basin planning: working together 2024’, as the first consultation in the process of reviewing and updating river basin management plans (RBMPs) for 2027.

View Environment by content type :

Popular documents