House of Commons · Written Ministerial Statement
The Electricity and Gas (Energy Company Obligation) Order 2022
22 June 2022 · Department for Business, Energy and Industrial Strategy
Proposed by Greg Hands Con Chelsea and Fulham
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Government is expanding the Energy Company Obligation (ECO) scheme to 1 billion annually until 2026.
- The new ECO4 scheme aims to assist low-income and vulnerable households.
- The scheme is expected to install around 800,000 measures in about 450,000 homes.
Issue summary
The statement addresses the continuation and expansion of the Energy Company Obligation (ECO) scheme in Great Britain.
Action requested
The Government has committed to expanding the ECO scheme from £640 million to £1 billion annually, extending it until 2026. The new ECO4 scheme will focus on low-income and vulnerable households, with an estimated installation of around 800,000 measures in approximately 450,000 homes, saving an average of £290 annually.
Key facts
- Since 2013, the ECO scheme has installed around 3.5 million energy efficiency measures in 2.4 million homes across Great Britain.
- The expansion of the ECO scheme will increase funding from £640 million to £1 billion per year and extend it until 2026.
- ECO4 aims to install approximately 800,000 measures in around 450,000 homes with an average annual savings of £290 off energy bills.