Skip to Content

04th April 2012

Deal is given the green light

The Government's Green Deal plan under which domestic and commercial property owners will be offered energy efficient improvements on long term credit arrangements payable via energy bills, has now been given statutory force.

The Government's Green Deal plan under which domestic and commercial property owners will be offered energy efficient improvements on long term credit arrangements payable via energy bills, has now been given statutory force. The Energy Act 2011 which gave rise to the option of the Green Deal was actually brought into effect last year but on 20th March 2012 the required Parliamentary Order was brought into force to give the Government the specific powers to set out the Green Deal regulations and establish the framework for its operation. There remains some statutory steps that have still to be completed and a precise timetable for actual implementation of the first Green Deals has yet to be defined (late 2012 or early 2013 is suggested), but contractors and suppliers dealing in related products, such as insulation, glazing and related materials need to be following the plans closely to see what opportunities might arise, as do property owners looking to take advantage of what the Green Deal might offer. Colin Jones is a partner with Hewitsons and a member of its CleanTech Group and can be contacted on colinjones@hewitsons.com

Back to top