The government has launched a £20 million Electricity Demand Reduction (EDR) pilot, offering financial incentives to encourage businesses to install measures to reduce energy consumption.
The EDR pilot will help companies and organisations willing to install more efficient electrical equipment that reduces their peak electricity demand, such as LEDs instead old bulbs or improved motors and pumps.
It aims to reward those promoting “lasting reductions” in electricity demand, in order to assess whether the scheme can be included in the government’s planned capacity market.
Organisations interested have been invited to submit an application. Once they have qualified they will take part in a competitive auction, where they can bid in kilowatt (KW) savings from projects they plan.
Those showing the best value for money will win and will be rewarded once the savings are delivered.
lets see if it works...