The energy saving co-operative Green Deal+ Briefing

1. 28 January 2013 The energy saving co-operativeGreen Deal+ Briefing

2. The Green Deal is launched today • The UK Government’s flagship energy saving scheme • A significant step forward in green building standards, via accreditation for: • Green Deal Assessors • Green Deal Providers • Green Deal Installers • Innovative financing via loans against electricity bills – in theory, the house not the occupant takes out the loan • Tied heavily to the £1.3bn p.a. Energy Company Obligation (ECO)

3. Is the Green Deal right for you? • Yes, for… • Energy saving improvements such as boilers, cavity wall insulation, loft insulation and solar panels • No up-front payments, and cashback offer • … But • Long term, high interest loans • Other, better value / fairer finance options may be available • Many energy saving improvements are not possible under the ‘Golden Rule’(savings on bills must be less than repayments, including loan interest)

4. Extending a mortgage or self-funding from savings will always be the best value option for those customers who can afford it Ecology Building Society’s C Change retrofit and The co-operative bank’s Energy Efficient Advance discounted mortgage products The energy saving co-operative is developing our own ‘revolving loan fund’ The Green Deal Finance Company (GDFC) and Energy Company Obligation (ECO) for Green Deal qualifying projects London Rebuilding Society’s Home Improvement Scheme equity share finance for qualifying customers (low income, 50+, own their homes) Project financing options

5. The Energy Company Obligation (ECO) • Replaced the Carbon Emissions Reduction Target (CERT) and the Community Energy Saving Programme (CESP) to distribute £1.3bn per year • Three types of ECO: • Affordable Warmth (25%, £325m p.a.): Largely similar to the existing CESP; any energy saving measure eligible if it reduces the cost of heating the home. Means-tested individual qualification; private tenure only. • Carbon Savings (60%, £780m p.a.): Targeted at solid wall insulation and ‘hard-to-treat’ cavities. • Carbon Saving Communities (15%, £195m p.a): targeted at the bottom 15% of Lower Super Output Areas from the Index of Multiple Deprivation (e.g. Warming Barton). • 15% (£30m p.a.) reserved for rural low income households in towns and villages with populations less than £10k, means tested as per Affordable Warmth.

6. Low Carbon Hub working together for a low carbon future

8. 60 plus low carbon groups in Oxfordshire Transition Chipping Norton Kidlington Versus Climate Change Eynsham Green TEA Low Carbon Oxford North Abingdon Carbon Cutters Sustainable Witney Low Carbon West Oxford Sustainable Wantage Sustainable Wallingford Sustainable Didcot Goring & Streatley Sustainability Group

9. Our vision for Oxfordshire

12. Warming Barton

14. Why Fair Green Deal

15. How it works Community groups – Outreach and engagement The energy-saving co-operative – Local project management 1 2 3 4 5 Community engagement Energy performance assessor Energy saving advice and contracting Installation Quality control and impact measurement

16. 101 energy assessments signed up in 3 days!!! Warming Barton Progress

17. 58 energy assessments completed Warming Barton Progress

18. £700,000 ECO Offer to insulate 100 homes Warming Barton Progress

19. £74,000 DECC funding for solar thermal panels Warming Barton Progress

20. £310,000 DECC funding for the next phase Warming Barton Progress

21. Warming Barton Challenges

22. “The best time to plant a tree was 20 years ago; The second best time ........is now !!!” – Chinese proverb

23. Who we are • The energy saving co-operative is a pioneering partnership between: • People who want to save energy • Co-operatives and community groups • Tradespeople such as energy assessors and installers • Working together, we will maximise our impact – combining the best of ‘Big’ with the best of ‘Local’

24. Governance and profit sharing • The energy saving co-operative is an innovative, pioneering hybrid co-operative (IPS 31331R) , with three classes of user-membership: • Individuals using the services of the co-operative – Homeowners can become members • Co-operatives and other corporate or community bodies offering the co-operative’s services – Consumer co-ops and community groups can become members • Persons and organisations delivering the services of the co-operative – Tradespeople can become members • Each user-membership class shares in governance and profits,and has dedicated seats on the Board • There is a fourth category of membership for providers of finance (non-user members, with maximum 25% voting strength and limited right to profits)

25. Purpose To provide people with the power to save energy Vision The greatest contribution to UK energy saving will be through co-operative and community solutions Values We are open, honest and fair We serve our customer members We enhance sustainable communities We earn trust in everything we do We are democratic Our purpose, vision and values

26. Oxfordshire’s collective and co-operative interest Powering down Home improvement Powering up Community engagement and delivery