EDF Energy and Liverpool Mutual Homes partner in multi-million pound energy-saving project saving residents hundreds on pounds
EDF Energy, Britain’s largest producer of low-carbon electricity, and social housing provider Liverpool Mutual Homes (LMH) have partnered in an exclusive agreement worth several million pounds, making it one of the most significant Community Energy Saving Programme (CESP) deals to date.
Under this partnership, the improvement and regeneration of homes across Liverpool has helped residents reduce their fuel bills by hundreds of pounds and cut carbon emissions by thousands of tonnes each year. The work is already underway and is due to be completed by September 2011.
CESP is a government initiative which requires energy suppliers and generators to provide funding for the introduction of energy saving measures in homes in low-income areas to improve energy efficiency standards and help reduce fuel bills. The EDF Energy/LMH approach will see both organisations working together to deliver the measures to help 674 homes in the Liverpool area become more energy efficient, predominantly through insulation and boiler replacement.
The partnership will see EDF Energy subsidising the installation of some of the energy efficiency measures as part of LMH’s £400m regeneration improvement work.
By adopting a whole-house, house-by-house, street-by-street approach, EDF Energy will work with Liverpool Mutual Homes to develop partnerships and solutions over the long term that will transform the sustainability of neighbourhoods and address fuel poverty.
Angus Wilby, Head of Energy Services at EDF Energy said: "We are delighted to be working with Liverpool Mutual Homes and investing millions of pounds into the area to deliver energy efficiency measures that deliver both CO2 savings as well as cost savings to residents.
"EDF Energy will contribute around £65m to CESP over the life of the programme and we will continue to make significant contributions towards improving the energy efficiency of low-income households. This reflects our commitment to helping our most vulnerable customers reduce their energy bills."
LMH Chief Executive, Steve Coffey, said: "This CESP deal is unique because we are trading the carbon savings we make through our regeneration and improvement work rather than applying for a grant to fund CESP qualifying work.
"Tenants have already benefited from our improvement programme with improved homes and vastly reduced fuel bills, and we are now looking to develop a long-term partnership with EDF Energy as we continue to tackle fuel poverty in our communities.
"We are exploring future opportunities such as responding to the Coalition Government’s Green Deal proposals by financing energy efficiency measures in the owner occupier market and retrospectively clawing the money back against the savings made in tenants’ bills so we can deliver further benefits to our communities."
The CESP programme aims to deliver around £350m of energy efficiency packages, reducing energy use and tackling climate change. It is expected that CESP will have benefited around 90,000 households between September 2009 and December 2012.