DECC has awarded only £1.28 million from a £10 million pot it had offered as part of an energy-saving initiative. The first auction for the Electricity Demand Reduction (EDR) scheme, which provides financial support for projects that cut demand at peak times, was held last week. The £1.28 million fund has been offered to 18 […]

The UK Government’s scheme aimed at providing financial support for projects that reduce electricity demand kicked in yesterday. DECC held an auction for a £10 million pot, giving businesses the chance to bid for a share as part of its Electricity Demand Reduction (EDR) initiative. The scheme, which supports energy-saving projects such as replacing light […]

A pilot scheme that provides businesses with financial support to install more efficient electrical technologies that help reduce their peak demand has been launched. The Government is inviting formal applications from organisations for the Electricity Demand Reduction (EDR) pilot initiative, which will support projects that deliver “lasting reductions” in electricity demand. Projects that could be […]

Last week, I talked about how much the newly-finalised Electricity Market Reform (EMR) policies are likely to cost consumers. If you recall, we estimate between £11 and £17 per megawatt hour by 2020, which when you are consuming in the mega megawatt league, is not an insubstantial amount, especially on top of other existing policy […]

Energy Secretary Ed Davey has put £10 million on the table for businesses to become more energy efficient. It’s the first chunk of money from a £20 million pot for a pilot scheme called the Electricity Demand Reduction (EDR) auction. Businesses will compete for funding for projects that reduce electricity demand, where projects would not […]

Businesses could receive financial incentives for cutting the amount of electricity they use through a new pilot scheme announced yesterday. British firms and other organisations such as charities that install more efficient motors, air conditioning and lighting could get cash from a fund worth up to £20 million for reducing their energy usage. Energy Secretary […]