June 2011 Birmingham Energy Savers  Local Government implementing the Green Deal
<ul><li>Birmingham Energy Savers rationale </li></ul><ul><li>BES Phased approach </li></ul><ul><ul><li>Phases 1 & 2 – Roof...
Birmingham Energy Savers (BES) <ul><li>Cuts CO2 emissions </li></ul><ul><li>Cuts cost and level of energy used by homes an...
<ul><li>Phases 1 & 2 Roof top generation  </li></ul><ul><li>Phase 3 – Pathfinder </li></ul><ul><li>Phase 3 - Extension </l...
200,000 houses by 2026 Year Houses/pa End of Pathfinder Re-procure BCC finance Bank finance or warehouse
Green Deal plus Roof Rental £5-7,000 Roof rental <ul><li>Generation and export FIT </li></ul>Free electricity (£100-200) p...
BES3 Operating Model
Finance structure for Pathfinder £25m £100m ECO 100% BCC 5-6% Illustrative £75m Cost per house - £6-7k Number of houses = ...
Option 1 for extension phase Banks provide non-recourse debt £100m £400m ECO 25% 75% BCC Banks 7% 5-6% Illustrative £300m ...
Option 2 for Extension Green Deal Warehouse refinance opportunity Equity risk/ buffer capital <ul><li>Multiple LAs </li></...
<ul><li>The Challenge to Local Government;  </li></ul><ul><ul><li>Can you market the Green Deal </li></ul></ul><ul><ul><li...
www.birminghamenergysavers.org.uk [email_address] Thank You
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W14 cutting carbon locally - dave allport

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W14 cutting carbon locally - dave allport

  1. 1. June 2011 Birmingham Energy Savers Local Government implementing the Green Deal
  2. 2. <ul><li>Birmingham Energy Savers rationale </li></ul><ul><li>BES Phased approach </li></ul><ul><ul><li>Phases 1 & 2 – Roof top generation </li></ul></ul><ul><ul><li>AIMHIGH </li></ul></ul><ul><ul><li>Phase 3 – whole house refurb </li></ul></ul><ul><li>Phase 3 Phase 3 procurement </li></ul>
  3. 3. Birmingham Energy Savers (BES) <ul><li>Cuts CO2 emissions </li></ul><ul><li>Cuts cost and level of energy used by homes and businesses </li></ul><ul><li>Improves comfort and energy security </li></ul><ul><li>Cuts fuel poverty among tenants & home owners </li></ul><ul><li>Maximises job creation and investment through capturing opportunities in the supply chain </li></ul><ul><li>Is self financing </li></ul>
  4. 4. <ul><li>Phases 1 & 2 Roof top generation </li></ul><ul><li>Phase 3 – Pathfinder </li></ul><ul><li>Phase 3 - Extension </li></ul><ul><li>Expansion Phase – Green Deal </li></ul><ul><li>Sep 2010 to Mar 2013 </li></ul><ul><li>£14m = 2,100 properties (PV) </li></ul><ul><li>2012 – 2015 pathfinder programme </li></ul><ul><ul><li>£100m = 15,000 properties (Refurb & PV) </li></ul></ul><ul><li>2018 -2020 extension programme </li></ul><ul><ul><li>£300m = 45,000 properties (Refurb & PV) </li></ul></ul><ul><li>2018 -2026 Expansion </li></ul><ul><ul><li>£1b = 140,000 properties (Refurb / PV) </li></ul></ul>BES Phased approach
  5. 5. 200,000 houses by 2026 Year Houses/pa End of Pathfinder Re-procure BCC finance Bank finance or warehouse
  6. 6. Green Deal plus Roof Rental £5-7,000 Roof rental <ul><li>Generation and export FIT </li></ul>Free electricity (£100-200) pa <ul><li>25 year Green Deal service charge </li></ul><ul><ul><li>Charge on energy bills </li></ul></ul><ul><ul><li>Help with hard to treat </li></ul></ul><ul><ul><li>Help with fuel poor </li></ul></ul>£5,000-£15,000 Lower cost energy bills Renewables Energy efficiency Green Deal
  7. 7. BES3 Operating Model
  8. 8. Finance structure for Pathfinder £25m £100m ECO 100% BCC 5-6% Illustrative £75m Cost per house - £6-7k Number of houses = 15,000 Energy Companies Long term fixed low cost finance Write-off Borrowing (PWLB) Hard to treat & fuel poor ECO – Energy Company Obligation
  9. 9. Option 1 for extension phase Banks provide non-recourse debt £100m £400m ECO 25% 75% BCC Banks 7% 5-6% Illustrative £300m Cost per house - £6-7k Number of houses = 15,000 6.5% £75m £225m Energy Companies Long term fixed low cost finance Write-off Low cost buffer Non-recourse private sector Hard to treat & fuel poor ECO – Energy Company Obligation
  10. 10. Option 2 for Extension Green Deal Warehouse refinance opportunity Equity risk/ buffer capital <ul><li>Multiple LAs </li></ul><ul><li>New LAs can join onto existing programme </li></ul><ul><li>LAs make agreement with GD WH not with each other </li></ul>Green Deal warehouse ABS ? ? £3-500m Uniformity requirement Bank finance including EIB Illustrative Potential role for GIB Potential for BCC loan book to not to have to reach £75m before transferring loans to GDWH BCC NCC
  11. 11. <ul><li>The Challenge to Local Government; </li></ul><ul><ul><li>Can you market the Green Deal </li></ul></ul><ul><ul><li>Can you build home owner trust </li></ul></ul><ul><ul><li>Can you deliver an anchor customer </li></ul></ul><ul><ul><li>Can you deliver customer aggregation (localities and triggers) </li></ul></ul><ul><ul><li>Can you grow the green economy </li></ul></ul><ul><ul><li>Can you meet procurement and start up costs </li></ul></ul><ul><ul><li>Can you secure the borrowing and refinance </li></ul></ul>Issues
  12. 12. www.birminghamenergysavers.org.uk [email_address] Thank You
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