Understanding the Energy Company Obligation (ECO4) Scheme
What is ECO4?
The Energy Company Obligation (ECO4) scheme is an initiative aimed at improving energy efficiency in homes across England, Wales, and Scotland. Through this scheme, domestic consumers and landlords can access financial assistance and support to make their properties more energy-efficient. In this article, we will address some frequently asked questions about the ECO4 scheme and provide you with the information you need to benefit from it.
What is ECO4?
ECO4, the fourth iteration of the Energy Company Obligation, is a government scheme that requires large energy suppliers to help reduce carbon emissions and alleviate fuel poverty. It is designed to support low-income households and those living in vulnerable circumstances by providing funding for energy efficiency measures.
The ECO4 scheme focuses on three primary areas:
1. Affordable Warmth: This aspect of the scheme aims to improve the energy efficiency of properties occupied by low-income households. It provides funding for measures such as insulation, boiler replacements, and heating system upgrades.
2. Carbon Saving: The carbon saving element of ECO4 focuses on reducing carbon emissions in domestic properties. It encourages the installation of energy-efficient measures such as insulation, draught-proofing, and renewable technologies.
3. Innovation: ECO4 also promotes innovation in the energy efficiency sector. It supports the development and implementation of new technologies and approaches to improve the energy performance of homes.
Who can benefit from ECO4?
ECO4 is available to both domestic consumers and landlords who meet certain eligibility criteria.
Here's a breakdown of who can benefit from the scheme:
Domestic Consumers
If you are a domestic consumer, you can benefit from the ECO4 scheme if:
• You live in England or Wales.
• You own or privately rent your property.
• You meet the eligibility criteria for Affordable Warmth or Carbon Saving measures.
• You are a customer of an obligated energy company.
To find out if you are eligible for the scheme, you can contact Ignite on 01244389335, who will be more than happy to guide you through the process. We offer impartial energy efficiency advice and can provide information on the schemes you can benefit from.
Landlords
Landlords can also take advantage of the ECO4 scheme if:
• They own a property in England, Wales, or Scotland.
• The property is occupied by a tenant who meets the eligibility criteria.
• The landlord meets the eligibility criteria for Affordable Warmth or Carbon Saving measures.
• They are a customer of an obligated energy company.
Conclusion
The Energy Company Obligation (ECO4) scheme presents a valuable opportunity for domestic consumers and landlords to improve the energy efficiency of their properties. By accessing financial assistance and support through ECO4, you can reduce your carbon footprint, lower your energy bills, and create a more comfortable living environment.
Make use of the resources available to you, such as the Simple Energy Advice website or the Home Energy Scotland helpline, and take the first step towards a more energy-efficient future. Remember, small changes can make a big difference.
Additional Information:
• ECO4 is part of the UK government's commitment to achieving net-zero carbon emissions by
2050.
• The scheme is funded by obligated energy companies and overseen by Ofgem.