To ask the Secretary of State for Energy and Climate Change what the monetary value was of the (a) Carbon Emission Reduction Target and (b) Community Energy Saving Programme in (i) 2008, (ii) 2009, (iii) 2010 and (iv) 2011; and what the monetary value of such schemes will be in (A) 2012 and (B) 2013.
These obligations are set in carbon saving terms and my Department does not require or collect data on actual expenditure. We do however make estimates of costs in the Impact Assessments published when the obligations are put in place or varied. We have estimated that obligated parties would need to invest around £5,000 million to meet their CERT targets (over the period April 2008 to December 2012) and around £350 million to meet CESP (October 2009 to December 2012).
CERT and CESP will be replaced by the Energy Company Obligation (ECO) in late 2012. As part of the recent Green Deal consultation we have proposed targets for ECO which we estimate would cost around £1,300 million per year.