Government pledge £295m boost to public sector efficiency
The government has committed to investing £295m in public sector energy efficiency over 5 years as part of the Department of Energy and Climate Change’s (DECC) latest five-year plan.
The new strategy acknowledges that there is a “significant untapped potential for energy saving in the business sector,” while also stating that it will release a response to the Business Energy Tax Review, which aims to reduce administrative burdens on companies that are implementing efficiency policies, after the announcement of the 2016 Budget.
The government has also pledged to insulate a million more homes before 2020, focussing domestic energy efficiency schemes “at those in greatest need,” with the department confirming the extension of the Warm Home Discount to 2020/21, currently totalling £320m per year.
The plan, which confirms the £3.3bn budget limit for the DECC for the current financial year, claims that alterations to the Energy Company Obligation (ECO) energy efficiency scheme are set to cut annual household energy bills by an average of £30 by 2017, while the government has also revealed plans to fit every home and business in the country with a smart meter by 2020.