ECO could add 10% to household fuel bills
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One of the Government’s supposedly green schemes to boost the energy efficiency of buildings could add 10% to the cost of household energy bills, raising fears of a consumer backlash. According to a detailed study, the Energy Company Obligation (ECO) – the sister programme to the Green Deal, is set to cost more than double the original estimate, with the additional cost set to be picked up by consumers.
The revelation came as Prime Minister David Cameron made a speech reasserting the Government’s commitment to the green agenda and underlining the importance of the Green Deal and the ECO in driving energy efficiency uptake.
The ECO was introduced to pick up from previous government energy efficiency subsidy schemes, the Carbon Emissions Reduction Target (CERT) and the Community Energy Savings Programme (CESP). Under the obligation, energy companies must deliver 27.7 million tonnes of CO2 savings by 2015. The Government has estimated that the firms will have to spend £80 per tonne of CO...
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