A fairly standard survey write-up here, but I’m mostly sharing because I love the illustration we commissioned.
The future of the energy company obligation is in jeopardy as politicians come under pressure to curb rising energy bills. So is ECO worth saving? Inside Housing and Mears Energy surveyed social landlords to find out. Jess McCabe reports
The future of the energy company obligation – the main subsidy that social landlords use to pay for insulation and other energy-saving work on tenants’ homes – looks uncertain.
The government policy that started in January dictates that energy companies must spend about £1.3 billion a year on meeting a series of targets to reduce fuel poverty, insulate those homes that can’t be quickly warmed up with a squirt of insulation in the wall cavities, and reduce the UK housing stock’s carbon dioxide emissions.
However, while recent price hikes of about 10 per cent by the big energy companies could have made the case even stronger for spending money on home renovations that make it cheaper for recipients to heat their homes, it looks like it could signal the end for the policy.
As ECO funding is raised through an extra charge on everyone’s energy bills, it has become part of a government review of ‘green levies’ on household bills.
As the steam train that is the weight of public outcry over the rising energy prices comes hurtling towards the policy that was actually intended to help people reduce their fuel bills, Inside Housing and Mears Energy, part of the Mears Group, ran a joint survey to gather social landlords’ opinions.