Deal or No Deal? | Green Deal Finance Statistics
Deal or No Deal? Green Deal Finance Latest Statistics Analysis April 2014.
It's been a hard sell for the UK Government to get the message across to the consumer however prospects for companies providing GD energy saving measures are on the up
Key indicators where consumer sign up was highest
Key points to note
- A provisional 790,000 measures were installed in around 660,000 properties through ECO, Cashback and Green Deal Installers to the end of March 2014 (the latest month that we have complete data for), up from 694,000 measures to the end of February. The large majority of installed measures (98 per cent) were delivered through ECO.
- GD Assessments – 210,239 were lodged up to the end of April 2014, up from 188,234 at end of March 2014. The 22,005 GD Assessments in April was the second highest number lodged in any month to date but 12 per cent lower than the number in March (25,138).
- Green Deal Plans – 2,439 households had Green Deal Plans in progress at the end of April 2014, compared to 2,000 at the end of March. This represents reasonable growth in the number of Green Deal Plans in the system after a period of relatively low activity. Of these 2,439 Plans, 756 were ‘new’ (quote accepted), another 505 had moved to ‘pending’ (Plan signed) and 1,178 were ‘live’ (all measures installed), nearly half of all Plans. The large majority of Plans have started from June 2013 onwards.
- Cashback vouchers – by the end of April 2014, 14,284 had been issued and, of these, 11,395 vouchers had been paid (following installation of 12,036 measures) through the standard Cashback route. Overall, including additional measures installed through the Cashback exception process, around £4.4 million has been paid. More vouchers paid were in June 2013 than any other month and the majority have been for boiler replacements.
- ECO measures - provisional figures show there were 776,369 measures installed under ECO up to the end of March 2014, with 95,384 installed in March, the highest number installed in any month and 25 per cent higher than the 76,497 installed in February. Of all ECO measures installed to date, 36 per cent were for cavity wall insulation, 29 per cent were for boiler upgrades and 21 per cent were for loft insulation. All solid wall insulation types accounted for seven per cent. Source: DECC
The biggest uptake was in the following installation sectors of the domestic property market detailed below:
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Domestic Green Deal and Energy Company Obligation Number of measures installed using Green Deal finance until end of April 2014
The biggest take-up in this period was for:Boiler
Condensing gas boilers 436
Other Insulation
Under floor insulation 162
Solid Wall Insulation 455
Micro-generation
Photovoltaics 718
Loft Insulation 266
Cavity Wall Insulation 79
For those who choose Green Deal finance, there are three stages in the life cycle of a Green Deal Plan for which reports are generated. - the first stage (a ‘new’ Green Deal Plan) is after a customer has obtained a quote from a Green Deal Provider and confirmed they wish to proceed. The Green Deal Provider has then successfully requested a Green Deal Plan record prior to signature by the customer. It is possible that more than one Green Deal Plan may be requested for each household. - the second stage (a ‘pending’ Green Deal Plan) is when a Green Deal Plan has been signed by the customer, progress is being made to install Green Deal Plan measures and the Plan is being finalised so that charging can start. - the final stage (a ‘live’ Green Deal Plan) is after the measures have been installed in the property, the information required to disclose the Plan to future bill payers has been attached to the Plan and the energy supplier has all the information required to bill Green Deal charges. At this stage the daily charge has been confirmed along with the date from when the charge will be accrued on their electricity bill. Source: DECC
Energy Performance Certificates (EPC) provide improvement ratings for homes and are a good indicator of energy losses in domestic property and business premises.
Many companies agree that to increase public awareness of the scheme a broader and more concentrated media campaign would help to increase engagement from domestic and small business consumers alike.
