‘Debtors’ to get a fairer Green Deal
The Department of Energy & Climate Change (DECC) recently announced further revisions to the Consumer Credit Act 1974 (CCA), as applicable to Green Deal plans. The intention is that all domestic Green Deal plans will be regulated by the CCA, while non-domestic property will only be affected in certain instances.
In May 2013, following calls from stakeholders, DECC launched its consultation proposing alterations to the CCA for the Green Deal — the government’s flagship initiative to improve buildings’ energy ratings by eliminating the upfront costs of efficiency measures. The basic premise of the Green Deal is that energy-efficiency improvements should be self-funding via electricity and gas bill savings. Certain measures are therefore eligible for a pay-as-you-save financing mechanism, whereby accredited providers install features such as loft insulation for homes and businesses without initial costs.
Since consumers were first able to sign up to Green Deal programmes in January 2013, DECC has emphasised the importance of consumer protection. This is particularly reflected via the inter-relation between the Green Deal and the CCA. Green Deal plans are, essentially, a type of unsecured loan and interest is charged on the loan…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Notices served in the first four months of an assured shorthold tenancy will be invalid, and other changes
BIS has published a summary of the key elements of the Consumer Rights Act 2015, the main elements of which come into force today.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.