Energy Company Obligation

(asked on 17th July 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, how much funding his Department has provided to ECO4 since 28 March 2023.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 20th July 2023

ECO is not funded directly by Government. It is an obligation on energy suppliers to meet a specified notional annual bill savings target. Government does not stipulate how energy suppliers fund delivery of their obligation, but we know they pass the costs onto their domestic customers. The cost of ECO is reflected in the energy price cap.

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