the energy saving co-operative green deal+ briefing 28 january 2013
TRANSCRIPT
The energy saving co-operative
Green Deal+ Briefing
28 January 2013
The Green Deal is launched today
The UK Government’s flagship energy saving scheme
A significant step forward in green building standards, via accreditation for: Green Deal Assessors Green Deal Providers Green Deal Installers
Innovative financing via loans against electricity bills – in theory, the house not the occupant takes out the loan
Tied heavily to the £1.3bn p.a. Energy Company Obligation (ECO)
2
Is the Green Deal right for you?
Yes, for…
Energy saving improvements such as boilers, cavity wall insulation, loft insulation and solar panels
No up-front payments, and cashback offer
… But
Long term, high interest loans
Other, better value / fairer finance options may be available
Many energy saving improvements are not possible under the ‘Golden Rule’(savings on bills must be less than repayments, including loan interest)
3
Project financing options
4
1. Extending a mortgage or self-funding from savings will always be the best value option for those customers who can afford it
2. Ecology Building Society’s C Change retrofit and The co-operative bank’s Energy Efficient Advance discounted mortgage products
3. The energy saving co-operative is developing our own ‘revolving loan fund’
4. The Green Deal Finance Company (GDFC) and Energy Company Obligation (ECO) for Green Deal qualifying projects
5. London Rebuilding Society’s Home Improvement Scheme equity share finance for qualifying customers (low income, 50+, own their homes)
The Energy Company Obligation (ECO)
Replaced the Carbon Emissions Reduction Target (CERT) and the Community Energy Saving Programme (CESP) to distribute £1.3bn per year Three types of ECO:
• Affordable Warmth (25%, £325m p.a.): Largely similar to the existing CESP; any energy saving measure eligible if it reduces the cost of heating the home. Means-tested individual qualification; private tenure only.
• Carbon Savings (60%, £780m p.a.): Targeted at solid wall insulation and ‘hard-to-treat’ cavities.
• Carbon Saving Communities (15%, £195m p.a): targeted at the bottom 15% of Lower Super Output Areas from the Index of Multiple Deprivation (e.g. Warming Barton).
• 15% (£30m p.a.) reserved for rural low income households in towns and villages with populations less than £10k, means tested as per Affordable Warmth.
5
www.lowcarbonhub.org
Low Carbon Hub
working together for a low carbon future
www.lowcarbonhub.org
www.lowcarbonhub.org
60 plus low carbon groups in Oxfordshire
Low Carbon Oxford North
Low Carbon West Oxford
Kidlington Versus Climate Change
Transition Chipping Norton
Eynsham Green TEA
Sustainable Witney
Abingdon Carbon Cutters
Sustainable Didcot
Sustainable Wantage
Goring & Streatley Sustainability
Group
Sustainable Wallingford
www.lowcarbonhub.org
Our vision for Oxfordshire
www.lowcarbonhub.org
www.lowcarbonhub.org
Warming Barton
13
Why Fair Green Deal
Greater traction Engagement through local community groups, co-ordinated by Low Carbon Hub expert team
Greater energy savings
Not constrained by Green Deal ‘Golden Rule’
Combining Powering Up with Powering Down
Behaviour change through community engagement – not just structural energy savings
Community economic benefit
Energy saving improvements delivered through local tradespeople, creating local jobs
Renewable generation for community benefit
Fair finance A full range of funding options from ethical sources, drawing in ECO and other grants for fuel poverty and hard-to-treat, to deliver the best financial value in each case
Self-sustaining The energy saving co-operative margins fund Low Carbon Hub community engagement
Social capital Bringing communities together in a co-operative partnership between residents, community groups, and local tradespeople
15
The energy-saving co-operative – Local project management
Community engagement
Energy performance
assessor
Energy saving advice and contracting
InstallationQuality control
and impact measurement
Community groups – Outreach and engagement
1 2 3 4 5
How it works
Warming Barton Progress
16
101 energy assessments signed up in 3 days!!!
Warming Barton Progress
17
58 energy assessments completed
Warming Barton Progress
18
£700,000 ECO Offer to insulate 100 homes
Warming Barton Progress
19
£74,000 DECC funding for solar thermal panels
Warming Barton Progress
20
£310,000 DECC funding for the next phase
Warming Barton Challenges
21
“The best time to plant a tree was 20 years ago;
The second best time ........is now !!!”
– Chinese proverb
Who we are
The energy saving co-operative is a pioneering partnership between:
1. People who want to save energy
2. Co-operatives and community groups
3. Tradespeople such as energy assessors and installers
Working together, we will maximise our impact – combining the best of ‘Big’ with the best of ‘Local’
23
Governance and profit sharing
The energy saving co-operative is an innovative, pioneering hybrid co-operative (IPS 31331R) , with three classes of user-membership:
1. Individuals using the services of the co-operative – Homeowners can become members
2. Co-operatives and other corporate or community bodies offering the co-operative’s services – Consumer co-ops and community groups can become members
3. Persons and organisations delivering the services of the co-operative – Tradespeople can become members
Each user-membership class shares in governance and profits,and has dedicated seats on the Board
There is a fourth category of membership for providers of finance (non-user members, with maximum 25% voting strength and limited right to profits)
24
Our purpose, vision and values
25
Purpose To provide people with the power to save energy Vision The greatest contribution to UK energy saving will be through co-operative and community solutions Values We are open, honest and fair We serve our customer members We enhance sustainable communities We earn trust in everything we do We are democratic
Saving energy Selling energyIncreasing property values
Creating jobs
Building owners
Community groups (including local councils!)
Powering up
WorkersCommunity engagement and delivery
Oxfordshire’s collective and co-operative interest
Home improvement
Powering down
Community engagement and delivery
Powering up
27