The Energy Company Obligation (ECO) gives homeowners the opportunity to improve their homes’ energy efficiency while receiving financial assistance from their energy providers.
The Energy Company Obligation, sometimes known as ECO, is a programme run by the government with the goal of lowering carbon emissions and alleviating fuel poverty. The largest energy providers have set goals to assist residential customers with the implementation of energy efficiency measures.
Loft insulation, cavity wall insulation, solid wall insulation, and replacement or repair of boilers are some examples of the types of energy efficiency measures that may be made available through ECO.
What exactly is the obligation that is placed on energy companies?
It is required of energy providers that they assist homeowners in lowering the price of their home heating by assisting in the installation of energy-saving measures.
They should concentrate on finding solutions to support people with low incomes or inadequate fuel supplies, as well as households who are in vulnerable situations, in order to heat their houses.
It is up to the energy providers to decide the energy-saving measures they wish to put in place, how much financing they will contribute, and who will execute the actual installation work.
Can I get ECO funding?
In order to be eligible for ECO, you are need to either own your own house or obtain authorization from your landlord. Because different businesses offer varying degrees of assistance and will fund a variety of energy-saving upgrades, determining whether or not you are eligible for ECO money can be a challenging and time-consuming endeavour.
There are a number of things that contribute to the likelihood that you’ll be eligible, including the following: If you receive the Warm Home Discount in the “core” category, receive qualified benefits, and meet the income limits, then you are eligible for the discount. Social housing with an Energy Performance Certificate (EPC) grade of E or lower is required (check your energy performance certificate or ask your landlord or social housing association) You have satisfied the requirements that were imposed by your local authority.
However, you will still need to verify with your energy supplier to determine their specific requirements before moving forward. Even if you are qualified, the energy company that serves your home is not required to install a measure that will make it more energy efficient.
Checking your eligibility can be done in a number of various methods, depending on where you live. These include:
Check out the government’s Simple Energy Advice website for England and Wales or call 0800 444 202 for further information.
Contact Home Energy Scotland by sending an e-mail or calling them at 0808 808 2282 if you are in Scotland. Read through our suggestions for lowering your monthly energy costs if you are unable to receive assistance from ECO in order to make your home more energy efficient.
ECO can help you make energy-efficient modifications to your house, including installing free insulation.
Different energy providers provide a variety of ECO-friendly options. They have the ability to decide what they prioritise. The following are some of the most frequent:
insulation in the loft
insulation in the cavity walls
insulating material for solid walls
a new boiler
Additionally, businesses have the ability to pay for the installation of heating controls in homes as well as the connection of households to the proper district heating systems. The following is a breakdown of the percentages of each measure that will be implemented as a part of the ECO3 plan between the months of December 2018 and March 2022:
Replacement of gas boilers accounts for 22 percent of all ECO measures installed.
Other heating accounts for 36% of the ECO measures that have been installed.
16 percent of installed energy conservation measures are cavity wall insulation.
14 percent of installed environmentally friendly measures are floor insulation.
Loft insulation accounts for nine percent of all installed eco-friendly measures
The installation of solid wall insulation accounts for 3% of all ECO initiatives.
*Heating controls are included with other types of heating.
Who are the energy providers that offer ECO?
Those companies that supply gas and electricity and have more than 150,000 customers are required to install ECO measures. You are not need to contact the energy provider you are currently using. They are as follows:
British Gas (British Gas)
Energy from the Octopus (including Co-Op Energy)
Get a Jump on the Competition.
Ovo Energy (including Boost and SSE)
The Scots’ Stronghold
Energy from Shell
Storage Facility for Utilities
The percentage of the market that a given firm holds determines how many ECO measures that company is required to implement. Suppliers are required to deliver 15 percent of their environmentally friendly initiatives to homes located in rural areas, and 10 percent of those initiatives must involve the installation of ‘innovative’ products. These ‘innovative’ products can include devices that assist homeowners in managing their energy consumption.
Improve the efficiency of energy use in your home.
Even if you are not eligible for ECO money, there are still many things you can do around the house to reduce your energy consumption and, as a result, your utility costs. Insulation, double-glazing, draught-proofing, and lighting that consumes less energy are all very vital features to have. Find out how you may reduce the amount of energy your home consumes.
In addition to that, check to see if the energy plan you’re on is one that offers a fair price. You may use our independent switching service, Which? Switch, to compare the costs of gas and electricity and ensure that you are not overpaying at this time, despite the fact that affordable options are currently difficult to find.