Written answers

Tuesday, 24 May 2011

Department of Communications, Energy and Natural Resources

Energy Conservation

6:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 219: To ask the Minister for Communications, Energy and Natural Resources the position regarding the introduction of a pay as you save financial model as part of the new better energy grant scheme; and if he will make a statement on the matter. [12620/11]

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)
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Pay as you save is a financial model which would allow energy consumers to finance energy efficiency upgrades through the energy savings generated. The Programme for Government commits to the roll out of a pay-as-you-save scheme after 2013 to enable the home energy efficiency programme to continue without recourse to public funding. My Department is working with the Sustainable Energy Authority of Ireland, the utilities and financial institutions to develop proposals for the introduction of a national pay-as-you-save scheme in line with this timeframe.

There are considerable complexities involved in the development of a PAYS scheme and comprehensive consultation with all stakeholders will be required. I expect to bring forward legislation to underpin the scheme next year.

In the interim, I have secured an additional €30 million to support Better Energy as already announced.

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