@uk_ace You are so welcome. :-) Have a great weekend my friends!
The news for energy efficiency in the past week has seemed grim: an EU ruling on VAT rates that will increase the cost of energy efficiency investments by 14% and the announcement of a £40 million cut in DECC’s subsidies for energy efficiency. But let’s not despair. The French treat the issue of VAT differently. If we adopt their approach, we’ll incentivise more action on the energy performance of our homes than the 5% VAT rate alone has done. And there are better ways for DECC to deliver its energy security and climate change objectives. ACE has long called for a more long-term, robust framework that will enable the market for energy efficiency to develop sustainably, and now is the perfect opportunity for DECC to develop this.
An ACE-convened business coalition has today written to Chancellor George Osborne in the wake of the judgment by the European Court of Justice that the UK’s 5% reduced VAT rate on professionally installed energy saving materials breaches the 2006 VAT Directive. The letter highlights the unhelpful nature of the judgment for those industries involved in the supply and installation of the measures potentially affected. It also urges the Chancellor to make clear in next week’s Budget that any changes to the reduced VAT rate will be deferred until Budget 2016 at the earliest.
'Closer to home' presents the results of a study commissioned by Citizens Advice to investigate national models for locally-led delivery of energy efficiency and fuel poverty services. Led by the Association for the Conservation of Energy with support from CAG Consultants, the Centre for Sustainable Energy and Dr Joanne Wade, the research comprised in-depth interviews with 40 expert stakeholders, five workshops and a survey of 70 local authorities - to develop proposals for a framework to govern greater locally-led delivery.