The future of ECO3

The eagerly anticipated Government Response to the ECO3 consultation, which outlines the future of the Energy Company Obligation (ECO) programme, was published on the 19th July 2018.

The next phase of ECO will come in to effect from October 2018, and YES Energy Solutions welcomes the Government’s plan for ECO3.

YES Energy Solutions is dedicated to alleviating fuel poverty across the UK, and so we particularly welcome the new scheme’s focus on supporting low income and vulnerable households.

Our main findings for ECO3 are outlined below:

• Affordable warmth – 100% of funding will be focused on residents who claim certain benefits and struggle to pay their heating bills
• Boiler replacements – a cap of only 35,000 replacement heating system upgrades, with a change in eligibility criteria
• LA Flex – 25% of the obligation will now be available through the LA Flex mechanism
• Private landlords – restrictions will be in place which will see only certain measures and properties eligible for funding
• Social Housing – Funding will be available for first time central heating system installations for social housing
• Innovation – 10% of an energy company’s obligation can be used to fund new, innovative measures
• Oil Boilers – oil boilers will not be excluded from ECO3 as originally proposed
• Energy Company Obligations – at stages over the next 2 years, the number of energy accounts which obligate energy companies will be reduced

For our full summary on the next phasing of ECO funding, read our article on ECO3 and the changes it will bring here.

For more information on the next phase of ECO and how it can support your energy saving objectives, get in touch today.

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