Our proposal revolves around the idea of creating a better situation for the energy aspect of both the producer and the user. We plan to reduce the overall energy usage by the customers, therefore also reducing energy usage and peak loads on the utility companies’ generators.
The first step is creating a contract with energy supplier (preferably a NPO), we would gather funding from them in exchange we would work on reducing the load on their system over a set time frame.
The resulting effort would mean the energy supplier would not have to push as much money into buying generators and upkeep, they could instead invest the extra money back into renewables. This is an essential part of the contract, as we could tailor it in such a way that, after they have generated savings equal to the grant, they initially gave us, they can start funding their renewables projects better.
The business could also be expanded to include extra items such as solar panels, energy efficient lightbulbs and dishwashers. The solar panels could allow students to have no electricity bill. The excess electricity could be sold back to the grid and profits returned to our company which could assist with expansion. Dishwashers use an average of 1/9th of the water compared to washing up by hand under running water.
A financial example:
We spend £1000 on the insulation of a house.
If we assume for a household to save £100 a month on heating cost due to the new insulation, we would expect to get a lower fee of e.g. £60 a month back from it until the cost of insulation has been fully covered. This would save the household £40 a month until the cost of insulation has been paid off and the full £100 a month afterwards.
There are 2 options to choose from:
· We receive the payment directly from the tenants. In this case there will be a cap on rent increase (e.g. £10 a month increase) until the insulation has been paid off ensuring that the tenant still saves money overall (e.g. £30 a month).
· We receive the payment from the landlord and there is no cap on rent increase.
In conclusion we appeal to the acknowledgement of the bigger picture regarding the climatic crisis and our responsibility to reduce climate change. More importantly we encourage public to consider the positive impact on the environment in reducing CO2 emissions and at the same time tenants, landlords and energy industry benefit for our idea.