As Peverel/Firstport come under increasing financial pressure (It has been reported that the owners Electra have lost 5m on their investment in the last 6 months) so they come up with new ways of sourcing revenue.
The latest idea is the installation of LED lighting.
Yes they are good, and Yes they can make savings.
However, done through Firstport, they will be so much more expensive to fit that any potential savings will vanish.
Residents should be wary of the sales patter that demonstrates any savings.
It has been found in certain cases that current usage is estimated as having lights on over a 24 hour period, wheras in many cases they may only be on for 8 hours.
The higher the useage the shorter the pay back time.
The biggest cost savings could be made if Firstport had not negotiated a deal with EDF that works against the best interests of residents in order to increase the bulk purchase rebate, the proceeds of which Firstport keep for themselves.
