Section: Energy Efficiency

Orbit Confirms £18 Million Eenergy Efficiency Programme

Posted 11.12.14

Orbit Group will invest £17.98 million into a programme of energy efficiency works to March 2016. Of this figure, £2.18 million is from ECO funding.

This investment is in line with Orbit's target to dramatically reduce fuel poverty amongst its customers, and have all its homes at EPC Band C rating by 2020.

The £18 million commitment will see 2,604 homes being improved to an EPC Band C rating. This will equate to nearly £13 million of lifetime energy savings generated for Orbit customers. Per customer this is £7,700 per household over the lifetime of the measures, with an average reduction on energy bills of £160 per year.

This has a huge environmental impact, with an estimated carbon reduction of 68,000 tonnes resulting from works.

The ECO funding has been received from two different energy companies. In the Midlands, £1,788,000 has been secured from British Gas, with Wates Living Space appointed as contractor. In the South East and East, £392,000 has been secured from EON, with MITIE as the contractor.

John Barnham, Head of Sustainable Investment for Orbit Group, said:

"This announcement isn't just about investing in homes, it's about investing to change people's lives. Fuel poverty has a huge impact on wellbeing as well as wallets - we need to do what we can to prevent it.

"By working with key strategic partners such as British Gas, EON, Wates Living Space and MITIE, I am confident we will fulfil our 2020 ambition of Band C homes for all our customers."


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Reporting on December 2014

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