Rewards for innovative energy efficiency schemes

Consultation (PDF, 34 pages) on Ofgem's proposed approach to the implementation of a scheme specified in the Electricity and Gas (Energy Efficiency Obligations) Order 2004 to reward "innovative action". Energy efficiency actions by an energy supplier that qualify as innovative contribute 1.5 times their actual effect towards the supplier's energy efficiency obligation. Ofgem proposes that, in general, new actions will need to generate energy savings that are more than 20 per cent higher than similar actions undertaken before 2005 in order to meet the test of "significantly greater" improvement included in the Order's definition of "innovative action". Responses by Monday 30 May 2005.

November 2005 update: Ofgem's conclusions.

For further information or advice please contact Franck Latrémolière.

Filed under Electricity, Ofgem.

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