The energy industry has been rocked in recent weeks by the suggestion that Prime Minister David Cameron might be cutting government green initiatives funding. This has come as the latest saga in the energy row that has gripped the nation in recent months. It all started after Labour leader Ed Miliband announced that if he won the 2015 elections he would place a twenty month price freeze on UK energy companies. They hit back by raising their prices; again. Now Cameron seems to be suggesting that the energy companies could and would (does he not get the idea of competitive business?) lower their energy prices if he cut their obligation to help pay for these initiatives.
At Green Deal Hub we think he would be making a mistake. These initiatives help bring cheaper, cleaner energy to households who otherwise wouldn’t be able to either pay their energy bill or reduce their carbon footprint. Take ECO (Energy Companies Obligation) Funding for example, since this is the initiative this would most likely affect. It’s a programme that means the big energy companies have to provide funds to fuel poor and geographically isolated houses so they can install energy efficient measures. These include free boilers, free insulation and other free energy efficient measures. There are several reasons Cameron shouldn’t be cutting these initiatives.
They’re Helping Fuel Poor Households: Cameron may be saying that these measures raise energy prices but they don’t for the people who are most economically vulnerable; they lower their prices. As a society we have a duty to protect those who are most vulnerable, we can’t abandon them simply to pander to big business.
They Have Enough Money Anyway: Independent energy regulator Ofgem released figures this week that suggest that even before this year’s price hikes, the energy companies were making more money than they had the year before anyway. They’re already making a profit, releasing them from the ECO Funding scheme will do no good for energy prices, just their profit margins.
They’re Saving the Planet: We seem to be forgetting that these measures weren’t just put in place to lower energy bills. They were put in place to reduce our CO2 emissions. Global warming is a serious threat to all of us and these measures are helping to reduce that threat. We have a moral obligation.
They’re Popular: Latest figures released show that 1,173 people have already signed up to the Green Deal; they like it. The whole idea of democracy is that your policy reflects the will of the people. You have to rule with their best interest at heart. It’s only the energy companies who don’t like these initiatives and last time we checked, they weren’t the ones who elected you.
With winter coming and the cold creeping in, it’s not surprising that many of us are worried about keeping warm. The last few months we’ve had particular reason to worry about keeping warm due to the energy prices row raging through parliament. People are genuinely worried about how they’re going to pay the energy bill next winter and the big six energy companies don’t seem to care; they keep raising prices. The justification for this is always that it’s a necessary price rise, that outside influences demand the raising of prices. However figures released from Ofgem this week seem to suggest that it’s merely about making as much money as physically possible.
The last few weeks, indeed months, have seen the largest British energy companies raise their prices in reaction to a proposed energy price freeze by Labour leader Ed Miliband. This has caused waves in not just the energy industry, but in parliament, in the mainstream media and even amongst the British public itself. People are unhappy about what is happening about energy prices and they are finding alternatives to the big energy companies. Some people are taking advantage of energy efficiency measures such as the Green Deal and ECO Funding; others are signing up with smaller energy firms. Continue reading
The Department for Energy and Climate Change has released statistics this week that indicated that the number of people in the British Public who are signing up to the Green Deal Initiative has surpassed the one thousand milestone. This shows that the Green Deal, one of the coalition government’s top initiatives to bring energy efficiency into households up and down the country, has grown more popular than ever. This runs contrary to what is happening to the Green Deal in Westminster at the moment as it has been called into question and various parliamentary persons and bodies have suggested it either needs adjustment or should be abandoned by the government. Continue reading
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Government spending watchdog the National Audit office has issued a warning to the British public that householders could see a rise in energy bills by almost 50% in the next six years. This casts further doubt on Coalition government plans to considering scraping energy efficient measures such as ECO Funding (Energy Companies Obligation) and the Green Deal. Continue reading
At the Green Deal Hub we are strong advocates of the ECO (Energy Companies Obligation) Funding initiative set in place by the coalition government. It has done so much already to help people in homes across Britain reduce the price of their energy bills. However the latest rumblings from inside the halls of Westminster suggest the initiative’s future is currently uncertain. Green Deal Hub wants to make the case of why we need ECO Funding now more than ever.
News emerged from Westminster yesterday (Wednesday 6th November) MP’s representing the current Conservative-Liberal Democrat coalition government, have rejected Labour leader Ed Miliband’s proposal to impose a 20 month energy price freeze on the country’s energy firms. This is likely to mean that energy prices are only set to keep rising and the energy price row that has gripped both Parliament and the industry over the past month is likely to continue for some time to come.
Green Deal Hub and the rest of the green energy industry has heard news of fractions in the top tier of the coalition government over the majority Conservative party leader and Prime Minister David Cameron’s announcement that he intends to review and possibly scrap government green energy measures such as Eco Funding and Green Deal.
The news that former Prime Minister John Major has suggested the introduction of a one off windfall tax today has reignited the battle that has been raging across the energy sector over the last few weeks. The one thing that is clear to energy industry experts like Green Deal Hub is that at the moment, energy prices are meteorically rising, and there seems to be no end in sight. The answer to this seems obvious, although despite the government’s recent forays into providing Britain with a route to cheaper, cleaner energy such as the Green Deal and the Energy Companies Obligation (ECO), they haven’t seemed to really catch on yet. We can lower national energy prices by going green.
The energy industry has been rocked this month by several announcements from the government suggesting that it may cut funding to its energy efficiency measures, including ECO Funding.
This comes off the back of the energy row, which has consumed the attention of the industry and which began after Labour leader Ed Miliband suggested that if he got into power in 2015, he would introduce a 20 month energy price freeze. This has now led to the announcement that the government is now looking into several measures to cut energy prices, including cutting down green energy taxes and cutting ECO Funding.