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ECO funded schemes

ECO – Energy Company Obligations – specifically targeted at upgrading the energy performance of older, solid wall non-traditional housing schemes.

The Energy Act 2011 made provisions for the development of a Green Deal and a new Energy Company Obligation (ECO) to replace the existing Carbon Emissions Reduction Target (CERT) and the Community Energy Saving Programme (CESP).

The CESP and CERT funding schemes will come to a close by the end of 2012 and will be replaced by the new Government led Green Deal and ECO initiatives.

Underpinning the delivery of the Green Deal is the ECO initiative. ECO will replace the CESP and CERT schemes and will place one or more obligation on energy companies requiring them to generate a specific amount of carbon credits by facilitating the installation of energy efficiency measures in homes in Great Britain before a set deadline. ECO has been designed to fit within the Green Deal Framework and provide support, in the domestic sector, where Green Deal finance alone is not enough.

Ofgem is the Office of the Gas and Electricity Markets

DECC is the Department for Energy and Climate Change.

Ofgem and DECC are involved in the new upcoming Green Deal where energy companies have obligations to provide a range of funding initiatives to assist in reducing carbon emissions.

In the context of the Green Deal and ECO, Ofgem ensures that any system that is offering these EWI services has achieved a third party accreditation such as a British Board of Agrement Certificate (BBA) or a European Technical Approval (ETA). Any EWI system that does not have one of these accreditations does not receive Ofgem approval and this prevents the energy companies from offering any funding support for schemes where the improvement in the thermal performance of dwellings is required.

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