96/03
1 August 2003
ECONOMIC INSTRUMENTS TO IMPROVE HOUSEHOLD ENERGY EFFICIENCY: CONSULTATION DOCUMENT ON SPECIFIC MEASURES
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.
Notes to Editors
1. The consultation document can be found on the Treasury Website
2. The consultation period will be for three months and will conclude on 24th October 2003.
3. Media enquiries should be directed to HM Treasury press office, tel. 020 7270 5238.