Energy: Green Deal

House of Lords written question – answered at on 11 March 2014.

Alert me about debates like this

Photo of Lord Greaves Lord Greaves Liberal Democrat

To ask Her Majesty’s Government what assessment they have made of the interest rates for loans provided through Green Deal plans; and what consideration they have given to reducing such rates.

Photo of Baroness Verma Baroness Verma The Parliamentary Under-Secretary of State for Energy and Climate Change

The current interest rate available for loans provided through Green Deal plans is set by the Green Deal Finance Company, which is independent of Government. Our assessment of the rate is that, whilst there is no product that is directly comparable, it is a competitive rate and available to customers with a wide range of credit scores. We have no current plans to act to reduce the rate but we have and will continue to consider ways to deliver our policy objective of ensuring that lack of finance is not a barrier to installing energy efficiency measures.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.