Energy Company Obligation (ECO)
Dates:
Begins October 2012
How long does the scheme run:
Yet to be confirmed
Who funds the payments:
Energy Companies
Further details:
The Energy Company Obligation (ECO) will replace the existing Carbon Emissions Reduction Target (CERT) and Community Energy Saving Programme (CESP), which will both expire in 2012. It will be split into two elements:
- The Carbon Saving Obligation, which will provide additional support for homes that do not meet the 'Golden Rule' and therefore cannot fully fund energy efficiency improvements through Green Deal finance alone. It is proposed that funding under the carbon saving obligation would only be available for packages which include solid wall insulation.
- The Affordable Warmth Obligation, which is designed to provide support to low income and vulnerable households least able to heat their homes to an adequate standard. This funding will be focussed on a similar group of benefits and tax credits recipients to those identified through the current CERT Super Priority Group, with the additional restriction that only properties in private tenures will be eligible.