Study: Interest rate cut for renewables and grid upgrades could save £1.9bn a year

Stuart Stone
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

A targeted cut in interest rates for green infrastructure projects could save households £24 per year, a new analysis suggests

A 2.5 per cent cut in interest rates to encourage investment in clean energy projects could boost renewables development and reduce electricity costs by more than £1.9bn a year from 2030, a new analysis...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

COP17: How UN desertification talks delivered 'mixed results' for combatting drought and land degradation

Study: 'Lengthy' heat pump planning process has cost UK households £8m since 2015

More on Energy

Study: Summer 2026 heatwaves cost UK hospitality sector £95m a year in extra energy
Energy

Study: Summer 2026 heatwaves cost UK hospitality sector £95m a year in extra energy

Pubs, bars, restaurants and food providers paid £680 more per month on average for their energy as they ramped up air conditioning during the UK's record-breaking heatwaves this summer, Zero Carbon Company finds

Amber Rolt
clock 02 September 2026 • 3 min read
'Another jump in the new year looks likely': Energy experts react to latest price cap rise
Energy

'Another jump in the new year looks likely': Energy experts react to latest price cap rise

Analysts explain how rising bills are being driven by fall out from Iran War, but concerns are growing over forecasts that costs remain high through to 2030

James Murray
James Murray
clock 26 August 2026 • 9 min read
Study: Fuel poverty funding generated more than £228m in societal benefits in just two years
Energy

Study: Fuel poverty funding generated more than £228m in societal benefits in just two years

Every £1 invested in home energy efficiency upgrades has deliver a return of £2.31 in wider societal benefits, study finds

Stuart Stone
Stuart Stone
clock 26 August 2026 • 4 min read