The UK government has announced plans to increase spending on its Energy Company Obligation (ECO) to £1 billion per year until 2026 with the aim of increasing energy efficiency for low income and vulnerable households. Unveiling its Fuel Strategy Policy for England on 11 February, the government pledged to spend £60 million to retrofit social housing and £150 million in the Home Upgrade Grant, while also expanding ECO to enable larger energy suppliers to install efficiency measures. From 2022, the annual ECO spending commitment is also expected to increase 56% from £640 million to £1 billion. The policy states that this commitment is “designed to align with other domestic energy efficiency policies in social housing and the private rented sector.
Current 12th Feb 2021 read more »