Cheap energy bills could lead to £10m windfall - 30/09/2009

The government is offering communities the chance to access £10 million of funding and all residents have to do is make sure they are obtaining cheap energy bills.

Energy and climate change secretary Ed Miliband has announced the launch of a new campaign to encourage local authorities, charities and social enterprises to take up the challenge to help communities fight climate change.

Local communities will be able to access the £10 million funding pot as part of a commitment to help cut energy consumption in the area, with insulation and other measures a good way for residents to start helping the initiative, while also benefiting from lower bills.

"The challenge is an opportunity for communities to lead the way so that everyone can play their part in tackling climate change and save money on fuel bills," said Mr Miliband.

He added: "The UK has the most ambitious emissions reduction commitments in the world and projects like this will develop the policies we need to be successful."

In a further commitment to providing eco-friendly cheap energy solutions, Mr Miliband has announced the creation of a £20 million venture capital fund.

The money will be provided to organisations seeking to develop new technologies that will produce energy without significant emissions as a by-product.

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