Question

To ask the Secretary of State for Energy and Climate Change, with reference to the energy savings opportunity scheme proposed in his consultation document of July 2013, what estimate he made at the time of publication of that document of the maximum potential value of savings to the UK economy arising from that scheme by 2020; and what his current estimate is of such savings.

At the time of publication of the Energy Savings Opportunity Scheme (ESOS) consultation document, the Government estimated that ESOS would have a net present value ranging from £900m to £3bn, with a central estimate of £1.9bn, measured over the period 2015-2030. The Final Stage Impact Assessment, published alongside the Government’s Response to the ESOS Consultation, took account of new evidence which led to it revising down the estimated net present value, to between £600m and £2.7bn, with a central estimate of £1.6bn. The reasons for this change are set out on pages 17-19 of the Final Stage Impact Assessment, which can be found at the link below:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/323116/ESOS_Impact_Assessment_FINAL.pdf.