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The Energy Company Obligation (ECO) will work alongside funding partners to provide additional support for packages of energy efficiency measures, including LPG or oil boilers, cavity wall insulation, solid wall insulation and loft insulation. ECO will also provide insulation and heating measures to low income households. The ECO was introduced in January 2013 to reduce the UK's energy consumption and support people living in fuel poverty. It does this by funding energy efficiency improvements worth around £1.3 billion every year. Parliament passed the Electricity and Gas (Energy Companies Obligation) Order 2012 on 4 December 2012 and it is now in effect. The ECO will run until March 2017, supporting the installation of energy efficiency measures in low-income households. The ECO will help reduce carbon emissions from the UK's domestic building stock, which is an essential part of the UK's plan to meet its statutory domestic carbon emission reduction targets by 2050
There are 3 obligations under the (eco) Energy Companies Obligation.
The Carbon Saving obligation (worth approx. £760 million per year) will be available for energy efficiency measures in harder to treat homes, i.e. packages of measures that include solid wall or hard to treat cavity insulation.
The Carbon Saving Communities obligation (worth approx. £190 million per year) will deliver insulation measures targeted at areas of low income defined using the bottom 15% of Lower Super Output Areas from the Indices of Multiple Deprivation in England, Wales and Scotland. Suppliers will be required to deliver 15% of their overall Carbon Saving Communities obligation to rural, low income households in settlements with a population size under 10,000.
The Affordable Warmth obligation (worth approx. £350 million per year) will deliver heating and insulation measures to the poorest and most vulnerable consumers, and who are likely to be in fuel poverty. Only those in private tenure and in receipt of a qualifying benefit will be eligible for support under Affordable Warmth. This provides heating and insulation measures to consumers living in private tenure properties that receive particular means-tested benefits. This obligation supports low-income consumers that are vulnerable to the impact of living in cold homes, including the elderly, disabled and families.
Energy suppliers will provide the ECO directly to customers, or it will be provided by organisations working together through pre-approved arrangements, such as Green Deal providers. ECO Brokerage is a market-based mechanism that supports open and competitive delivery of the ECO. Brokerage operates as fortnightly, anonymous auctions where ECO providers can sell 'lots' of ECO Carbon Saving Obligation, ECO Carbon Saving Communities and ECO Affordable Warmth. The Office for Gas and Electricity Markets (Of gem) administrates the ECO and will monitor and enforce compliance under the obligations. Energy suppliers must report on their delivery against their obligation to make sure they are on track to meet their target by 2015.
Please follow the following 4 step below to check your eligibility and claim your Grants.
Takes only 55 second to enter your details into the online form to calculate your grant.
We will inform you once your application form has been processed.
A free no obligation assessment will ensure your property is suitable.
A convenient date & time will be arranged measure to be installed at no cost.