Energy efficiency subsidy could cut UK demand 40 per cent

By Will Nichols, Business Green:

Introducing a financial incentive for energy efficiency could help the UK deliver electricity demand reductions at far lower cost than building new low carbon generation capacity, green campaigners have said.

A report to be published today says an electricity efficiency feed-in tariff (EE FiT) paying projects that can demonstrate measured electricity use savings should be introduced as part of the upcoming Energy Bill.

It comes ahead of a key meeting later this week of the coalition Quad group, comprising David Cameron, George Osborne, Nick Clegg and Danny Alexander, which is expected to decide the content of the Energy Bill, including the crucial question of whether or not to adopt a decarbonisation target for the power sector… Read more

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