Minister Defends Home Energy Efficiency Scheme

The energy and climate change secretary has defended the financing of the government’s green deal scheme after campaigners warned it will fail unless it is improved. Speaking to the Energy and Climate Change Committee Ed Davey said the 7 to 7.5 per cent interest rate expected on loans to improve home energy efficiency is ‘extremely competitive for unsecured lending’. The defence of the scheme came after consumer groups, environmental campaigners and businesses wrote to Mr Davey warning the green deal and energy company obligation will fail without changes.  Read more on Inside Housing.