Government's new Green Deal officially launches today

Fix energy prices until 30th September 2017

Looking to switch your business energy supplier? Click here

Use our OFGEM accredited comparison tool to compare the whole market today.

Electrical discharge

The Government's new 'Green Deal' scheme officially launches today (January 28).

Households across the country will now be able to seek Government supported loans on a number energy efficiency improvements.

Firms backing the scheme include British Gas's parent company, Centrica, E.On and SSE - who are all also part of the Warm Home Discount Scheme.

Those wishing to capitalise on the Green Deal simply have to get in contact with an accredited assessor. One of the providers participating in the scheme can then provide a quote on the work, which can include things such as wall and loft insulation or even the installation of solar panels.

Any costs for the work - up to a specified amount - would then be covered by a loan from the Green Deal Finance Company - with the repayments added on to the household's energy bills.

The 'Green Deal' has been brought in by the Government in order to tackle rising energy bills. It also aims to cut down carbon emissions from UK households - with reports suggesting a third of the country's total emissions come from there.

Energy secretary, Ed Davey, said that in the UK almost eight million households featured solid walls but only around two per cent of these had actually been insulated.

Mr Davey said. "There are huge savings for people living in those homes and a huge amount of carbon that can be saved to go towards our climate change targets."

Despite the promise of savings, a recent YouGov poll of 5,071 UK energy customers found four out of five (81%) were not even aware of the new Government scheme.

Furthermore, the Department of Energy & Climate Change (DECC) reported only two households had actually registered to participate scheme, although since that initial announcement the figure has now started to rise with the DECC claiming many more households have also sought an initial assessment.

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.