Thursday, 31 March 2011

Green Deal Repayments through energy bills

One of the key features of the Green Deal is that the consumer repayments come through a charge on the energy bill. It is important that the Green Deal charge can be recouped in the same way as any other part of the energy bill to ensure simplicity for the customer, and so that finance providers have the confidence to provide the upfront capital, secure in the knowledge that they will receive payments via energy suppliers. When the Green Deal installer has completed the work, they will inform the Green Deal provider (if it is a separate organisation) who will arrange for details about the Green Deal to be included in an updated EPC or other appropriate document and lodged on the EPC or equivalent database. The Green Deal provider would also pass the relevant details to the customer’s energy supplier. Following verification by the energy supplier, which would give the customer the right to query any details, the Green Deal charge would appear on the next energy bill received by the customer. Customers with a Green Deal charge on the energy bill will still be able to switch energy suppliers. At the end of the repayment period, the Green Deal charge will automatically be removed from future energy bills. Source DECC

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For more information regarding the scheme for insulation, heating and renewable energy installers refer to the Green Deal www.greendealadvisersuk.com website.

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