[1][2] ECO is the replacement of two previous schemes, the Carbon Emission Reduction Target (CERT) and the Community Energy Saving Programme (CESP).
The ECO scheme works by placing an obligation on large and medium energy suppliers in England, Scotland and Wales to provide energy-saving measures for households deemed to live in fuel poverty.
Ofgem's ECO3 final determination report provides details on the overall performance of the scheme and conclusions regarding of energy suppliers’ achievement against their obligations.
The ECO3 final report confirms that this target was exceeded, with a total estimated lifetime bill savings of £8.457 billion achieved.
This is designed to encourage the installation of a variety of measures per household, including insulation, solar panels and renewable heating systems.
For homeowners looking to take advantage of the ECO4 scheme, organisations like UK Energy Management (UKEM)[5] can assist in securing funding and arranging the installation of energy-efficient measures.
This change was introduced to ensure that the scheme targets those households most in need of energy efficiency support, particularly those at risk of fuel poverty.