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British Gas launches Green Deal offer (Eco news)

British Gas launches Green Deal offer
Greenwise Business reported

British Gas, which just a few days ago announced massive hikes in both its electricity and gas prices, has today become the first energy supplier to launch a Green Deal-style offering, promising to slash householders’ energy bills.

British Gas is calling its scheme the Home Energy Plan and said it would work like the Government’s upcoming Green Deal but would be "more flexible". It said the scheme would help customers save £322 on average a year.

"Britain’s housing stock is some of the most inefficient in the developed world with £1 in every £4 spent on heating our homes wasted because of poor insulation. Under our offer, customers can improve their homes and save money by cutting bills – all at no upfront cost," said Jon Kimber, managing director of British Gas New Energy.

The Government’s Green Deal, which launches next year, will provide loans to households and businesses wanting to improve the energy efficiency of their properties through measures such as insulation, heating and lighting, with no upfront cost. Under the 'Golden Rule’, loan repayments are guaranteed not to exceed the cost savings brought about by the energy efficiency improvements throughout the financing period.


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