On Wednesday 22 July, we announced measures to deal with a projected over-allocation of renewable energy subsidies. The measures set out will provide better control over spending and ensure bill payers get the best possible deal as we continue to move to a low-carbon economy. Announcing the changes, Energy and Climate Change Secretary Amber Rudd said: “Our support has driven down the cost of renewable energy significantly. As costs continue to fall it becomes easier for parts of the renewables industry to survive without subsidies. We’re taking action to protect consumers, whilst protecting existing investment”.

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On Thursday 23 July, Amber Rudd announced that there will be no further funding to the Green Deal Finance Company, in a move to protect taxpayers. The Government will work with the building industry and consumer groups on a new value-for-money approach. The Government will also stop any future funding releases of the Green Deal Home Improvement Fund. This decision has no impact on existing Green Deal Finance Plans or existing Green Deal Home Improvement Fund applications and vouchers. Future schemes must provide better value for money, supporting the goal of insulating a million more homes over the next five years and the Government’s commitment to tackle fuel poverty.

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Last week, Energy and Climate Change Secretary Amber Rudd delivered her first major speech setting out the Government’s commitment to tackling climate change while keeping bills down in order to deliver lasting economic security for hardworking families and businesses. Speaking to business leaders at Aviva in London, she said that the global agreement to be finalised in Paris in December must work for business so that the private sector can play its full part in shaping the solutions to climate change through innovation, technology, enterprise & competition. 

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