Electricity and Gas (Energy Company Obligation) Order 2023: RPC Opinion (Green-rated)
Regulatory Policy Committee opinion on BEIS's Electricity and Gas (Energy Company Obligation) Order 2023 IA
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皇冠体育app Energy Company Obligation (ECO) scheme was launched in 2013 and requires energy suppliers to deliver a target of notional annual bill savings by installing energy efficiency and heating measures to selected, or targeted, homes. 聽皇冠体育app policy is intended to drive uptake of energy efficiency measures among low income and vulnerable households in, or at risk of, fuel poverty. 聽皇冠体育app existing ECO scheme (ECO4) was introduced in April 2022 and runs through to 31 March 2026.聽 皇冠体育app 2023 order places an additional obligation on larger energy suppliers to deliver energy efficiency improvements to households. 聽This scheme will last for three years from April 2023, running alongside the last three years of the existing ECO4 measure.
皇冠体育app RPC considers that the assessment of direct impacts on business and the impacts on small and microbusinesses is sufficient, and the IA fit for purpose;聽 green-rated. 聽皇冠体育app EANDCB figure has been calculated in line with RPC guidance. 聽皇冠体育app Department has provided a good overall cost benefit analysis and a strong monitoring and evaluation plan. 聽皇冠体育appre are some areas for improvement, in particular around assessment of impacts on private renters and assumptions about households and landlords meeting re-installation costs.