Energy Company Obligation (ECO)
ECO has replaced the Government's Carbon Emissions Reduction Targets (CERTs) and the Community Energy Saving Programme (CESP), both of which closed at the end of 2012. It was introduced to reduce the UK's energy consumption and support people living in fuel poverty by funding energy efficiency improvements.
ECO operates alongside the Green Deal and places obligations on larger domestic energy suppliers to domestic householders, with a particular focus on vulnerable consumer groups and hard-to-treat homes. ECO is set to run until March 2015 and has three obligations:
Affordable Warmth Obligation provides heating and insulation measures to low-income consumers living in private tenure properties, who receive particular means-tested benefits and are vulnerable to the impact of living in cold homes, including the elderly, disabled and families. Social housing tenants are not eligible for Affordable Warmth.
Carbon Saving Community Obligation (CSCO) provides insulation measures to households in specified areas of low income. It also makes sure that 25% of each supplier's obligation is used to upgrade more hard-to-reach, low-income households in rural areas.
Carbon Saving Obligation covers the installation of measures such as solid wall and hard-to-treat cavity wall insulation which can't be financed solely through the Green Deal.
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