Last updated: 15 Aug 2016
- Consulting body:
- Department of Energy & Climate Change
- Period of consultation:
- Runs from 29 June 2016 to 17 August 2016
- CML action:
- Response submitted
The Energy Company Obligation (ECO), a programme to deliver energy efficiency measures in homes across Great Britain, is due to finish at the end of March 2017.
The 2015 Spending Review set out Government plans to have a supplier obligation in place until 2022, with a focus on fuel poverty.
This consultation has three main purposes:
- to provide interested parties with visibility of the Government's high level vision for supplier obligations to 2022;
- to set out their specific proposals for a first set of reforms, to be delivered from 2017; and
- to seek views on both the proposed changes
In principle, lenders welcome measures that could help reduce energy running costs in mortgaged properties and we welcome proposals to simplify ECO and better target fuel-poor homes.
We note that many of the proposals are technical and of tangential interest to lenders. Our response highlights areas where the policy development of ECO: Help to Heat should have regard to mortgage-related issues and considerations.
Our full response can be downloaded below.