Press Releases

HISTORIC PRESS RELEASE : Economic Instruments to Improve Household Energy Efficiency [August 2003]

The press release issued by HM Treasury on 1 August 2003.

The Government today published a consultation document on economic instruments to improve household energy efficiency.

As announced in the Budget, following the initial consultation last year the Government is consulting in more detail on specific economic instruments to encourage greater energy efficiency by households.

The initial consultation sought views on the ways in which economic instruments could be used to overcome market failures which prevent improvements in household energy efficiency. Given the generally positive response to the consultation, supporting action in this area, and following the publication of the Energy White Paper  and its focus on energy efficiency, the Government has decided to consult further.

This consultation is launched with the aim of gathering further information on the likely impacts and effectiveness of the identified measures and responses will help to inform the Government’s policy development in this area.