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Davey sets out ‘radical green idea’
The Government has announced how it intends to incorporate rewards for those who save electricity, within their new electricity market reform. The new negawatts policy was initially revealed exclusively in the February issue of EiBI, writes Energy Zine.
The Government has announced how it intends to incorporate rewards for those who save electricity, within their new electricity market reform. The new negawatts policy was initially revealed exclusively in the February issue of EiBI, writes Energy Zine.
Now, Energy Secretary Edward Davey has set out how, via his “radical green idea”, businesses and other organisations can receive extra financial incentives for reducing the amount of electricity they use. He admitted that initially his plans for the electricity market had been “weak on cutting electricity demand – the real greenest approach.”
Effectively, savers of electricity will now benefit twice. This will be via the conventional plus of needing to buy fewer kilowatt hours. Additionally, having demonstrated that the savings have been made, they can bid in to the new Government pilot system, which will reward them for obviating the need for extra electricity generation.
The new pilot auction scheme will begin next spring, and run for up to 24 months. Government expenditure of at least £20m has been set aside for the scheme, a figure which could rise to be significantly higher depending upon the levels of participation.
