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Energy efficiency is not just low-hanging fruit; it is fruit on the ground.Stephen Chu, US Secretary of Energy
DECC hints at reward scheme for reducing electricity use
Government have taken a step nearer to providing a mechanism to reward electricity use reduction, with DECC talking about how such an idea might be built into the Electricity Market Reform proposals.
It’s been recognised that a modest 9% reduction in use could deliver savings of £2.3bn to the UK — equivalent to the annual output from about four typical power stations.
The response to a consultation paper produced by DECC states that some incentives could be considered. These include a premium payment per unit of electricity saved (similar to a Feed-in Tariff approach), scrappage schemes for inefficient equipment, capital grants and additional energy efficiency labeling.
Energy Minister Ed Davey says in his preamble to the response, “We look forward to working with all interested parties to make these benefits a reality".
Well, Ed, we look forward to it too.