Energy Efficiency

Treasury written question – answered on 7th May 2002.

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Photo of Ms Sue Doughty Ms Sue Doughty Liberal Democrat, Guildford

To ask the Chancellor of the Exchequer

(1) what the total cost to the Treasury (a) has been at the outset of its introduction and (b) is projected to be in the next three years of the enhanced capital allowances for investments in energy saving technologies introduced in April 2001;

(2) what the total cost to the Treasury (a) has been at the outset of its introduction and (b) is projected in the next three years of the enhanced capital allowances for investments in (i) heat pumps, (ii) radiant and warm air heaters, (iii) solar heaters, (iv) energy efficient refrigerator equipment, (v) compressor equipment and (vi) energy-saving technology investments in assets for leasing.

Photo of Mr Paul Boateng Mr Paul Boateng Financial Secretary, HM Treasury, The Financial Secretary to the Treasury

Actual costs of the enhanced capital allowances scheme introduced in April 2001 are not yet available. Estimates were published in the FSBR 2001, Appendix A2, p150. Estimates of the annual costs of extending the scheme to include the further energy-saving technologies from April 2002 are, from 2002–03, £5 million, £15 million, £20 million, with the majority of these costs attributed to refrigeration cabinets, heat pumps, and compressor equipment. These figures exclude the costs of extending the entire scheme to assets for leasing from April 2002: these are estimated to be, from 2002–03, £15 million, £20 million, £15 million. All costs are rounded to the nearest £5 million.

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