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 2015, supporting the installation of energy efficiency measures in low-income households and areas, and in properties that are harder to treat. It works alongside the Green Deal to give consumers support and funding for energy efficiency improvements in their homes.
The Green Deal and 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.
The ECO will be funded by energy suppliers.
Energy suppliers obligated under the scheme will determine how much subsidy they provide to each consumer. This may depend on consumers’ individual circumstances and the amount of Green Deal finance being used. The ECO is worth around £1.3 billion every year.
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. So if you receive Child tax credits, Pension credits or disability you may qualify for a free boiler. Home owners or tenants may apply.
To register your interest in a FREE or subsidised boiler replacement please contacts us. Once contact has been made we will;
Please contact us to register your interest, funding is limited so please act quickly to avoid missing out.