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Proceeding contribution from Baroness Berger (Labour) in the House of Commons on Wednesday, 14 September 2011. It occurred during Debate on bill on Energy Bill (HL).

Energy Bill [Lords]

The Minister has said that interest rates are just one element, and we have argued that it is integral and crucial to whether the green deal will deliver, not only because of the affordability of products—if the interest rate is 8% or more, very few products will fall within the golden rule, and if it is 6% or more, a few more will be added but some of the more ambitious measures would not be included—but most importantly because of public uptake. According to the Great British Refurb campaign study and polling of the public, just 7% of the public said that they would take up the green deal if the interest rate was 6% or more. The Government will not meet their ambition of reaching 14 million homes by 2020 if the interest rate is too high.

Secondary information

Type
Proceeding contribution
Reference
532 c1067 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Consumers Decommissioning Conservation Climate change Apprentices Billing Finance Environment protection Energy Fuel poverty Housing improvement Insulation Interest rates Landlord and tenant Local government Low incomes Protection Ministerial responsibility Payments Nuclear power stations Ministers Prices Private rented housing Subsidies Green Investment Bank Green deal scheme Energy company obligation Social tariffs
Legislation
Energy Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk