UK Parliament / Open data

Energy and Climate Change and Environment, Food and Rural Affairs

The hon. Gentleman asked a fair question. Clearly, if we are recovering costs through savings on people's energy bills and meter charges, there is a risk of default. That risk also applies to people paying their energy bills through the gas or electricity meter, and it is about 2 per cent. If we include that 2 per cent. default rate in the cost of the scheme, and spread it out for everyone, it is perfectly manageable and financeable. It can be managed without requiring a huge injection of public funds.
Type
Proceeding contribution
Reference
501 c433 
Session
2009-10
Chamber / Committee
House of Commons chamber
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