The Government today announced a package of measures aimed at reducing the costs of energy efficiency policies and their cost impacts on energy bills.
David Kennedy, CCC Chief Executive said of this package:
The agreement on policies to improve energy efficiency reflects some of the Committee’s recommendations. In particular, loft and easy to treat cavity wall insulation measures will now be available to all householders under the Energy Company Obligation (see our letter to the Secretary of State here). Furthermore there will be reductions on stamp duty for homebuyers that undertake energy efficiency improvements, as suggested in our 2013 report to Parliament on progress reducing emissions.
The ambition for the carbon saving part of the ECO has been reduced by 33% for the next four years. This is something we will consider in detail as part of our regular statutory reporting to Parliament, including whether this reflects the best available evidence on costs and benefits, and possible impacts on the ability of the insulation industry to deliver ambitious implementation in future.
Carbon budgets would remain achievable with this level of ambition, subject to targets beyond the period agreed being sufficiently stretching.