The energy saving co-operative Transition Loughborough Tina Holt - - PowerPoint PPT Presentation

The energy saving co-operative

Transition Loughborough Tina Holt

9th February 2013

Who we are The energy saving co-operative is a pioneering partnership between:

• 1. People who want to save energy
• 2. Co-operatives and community groups
• 3. Tradespeople such as energy assessors and installers

Working together, we will maximise our impact – combining the best of ‘Big’ with the best of ‘Local’

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What we do

We provide the power to help communities Power Down:

 Giving free, straightforward and honest advice on

which energy-saving improvements make sense

 Installing through trusted local tradespeople,

benefitting communities

 Providing fair and ethical finance for those who need it

As a co-operative, we buy on our members’ behalves to deliver the greatest energy savings at the best price – and return profits to our members through dividends

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The Energy Saving Co-op

The Energy Saving Co-op Communities and community organisations

The Energy Saving Co-op Communities and community

• rganisations

Create new jobs, Help to set up workers’ co-ops Identify multi-house projects especially in areas of fuel poverty Newsletters and events for Interested householders Request for recommended suppliers Events for suppliers ESC to financially reward community groups who bring in work

Project financing options

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We can now offer five options to customers:

• 1. Extending a mortgage or self-funding from savings will always be the cheapest
• ption for those customers who can afford it
• 2. Ecology Building Society’s C Change retrofit and The co-operative bank’s

Energy Efficient Advance discounted mortgage products (first charge)

• 3. Our own second-charge revolving loan fund, seeded by The co-operative

bank then grown through professional and retail bond issues – a high priority for development, and a large opportunity for ‘teaming up’ and ‘scaling up’

• 4. The Green Deal Finance Company (GDFC) and Energy Company Obligation

(ECO) for Green Deal qualifying projects, when available

• 5. London Rebuilding Society’s Home Improvement Scheme equity share finance

for qualifying customers (low income, 50+, own their homes) In addition will we obtain grant funding (e.g CERT, CESP, RHPP2), where possible and while available, for qualifying customers

Our pilot communities

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Meet miss Jackson…

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“The best time to plant a tree was 20 years ago. The second best time is now.”

– Chinese proverb