ECO – Too Good To Be True?

The Energy Company Obligation (ECO), launched in January, is the latest UK Government initiative (along with the Green Deal) through which the UK Government is requiring energy utilities to promote actions that will drive reductions in carbon emissions and energy consumption.  It is hoped it will help deliver enhanced security of supply and combat fuel poverty for more vulnerable consumers.

ECO is made up of three separate measures, all of which are assessed through the following outcomes:

• Carbon Emissions Reduction Obligation targeting carbon savings
• Carbon Savings Community Obligation also targeting carbon savings
• Home Heating Cost Reduction Obligation which targets reductions in heating costs.