npower has received official authorisation from the Green Deal Oversight and Registration Body to act as a Green Deal Provider. This is a key step in its preparation to offer Green Deal plans in the spring.
Green Deal is the government’s new initiative which is said to be all set to revolutionise the energy efficiency of British properties and reduce carbon emissions.
Under the Green Deal, homeowners will be able to benefit from energy efficiency improvements – such as loft, cavity or solid wall insulation – without the need for large up front costs, which can be a potential barrier to many consumers.
Instead, the Green Deal provides a ‘pay as you save’ finance mechanism allowing consumers to take a loan and pay the cost back in installments through their utility bill. Consumers can take comfort in the knowledge that, in principle, the costs that they will pay back are, on average, limited to be less than the savings they will make on their bills – which is the so called ‘Golden Rule’.
David Titterton, npower director of Green Deal Delivery and Obligations says: “I am delighted that we have secured official authorisation to become a Green Deal Provider. This is designed to instil confidence in consumers in undertaking their Green Deal improvements and allows us to use the official Green Deal Quality Mark.
“At npower we will be able to offer a comprehensive range of services covered by the Green Deal. We already have a team of experts in place who can provide advice on energy efficiency in the home and offer energy saving measures.
“Since 2009, under previous government schemes, we’ve already installed well over one million cavity and loft insulation improvements into consumers homes and helped over 25,000 households to switch to more energy efficient gas central heating.”
More information: www.npower.com