Monday, 4 August 2014

Was Green Deal Cashback Scheme Rigged?

An investigation has begun into the sudden closure of a cashback scheme for households to install energy-efficient home improvements, amid concern that many of the applications in a last-minute deluge were not genuine. The Green Deal Home Improvement Fund, which opened in June, offered households up to £7,600 each to install measures such as solid wall insulation and double glazing. The fund closed abruptly on July 24, without notice, due to “overwhelming popular demand”. The Department of Energy and Climate Change (DECC) had announced reductions to the cashback rates two days earlier. Jonathan Reynolds, Labour’s opposition energy minister, questioned whether the deluge of applications was caused by “the speculative activity of those seeking to get their hands on as much public subsidy as possible” in a letter to the public accounts committee. Read more on the Daily Telegraph website.

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