ECO to be scrapped?

Meeting: 
MQT on 2013-11-20
Session date: 
November 20, 2013
Reference: 
2013/4247
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

The Government has stated that London should benefit from the Energy Company Obligation (ECO) because the design of the ECO would direct more funding to insulating London's solid wall homes. Is the Mayor therefore concerned over the Prime Minister's recent statements that the ECO may be scrapped?

Answer

Answer for ECO to be scrapped?

Answer for ECO to be scrapped?

Answered By: 
The Mayor

The UK's buildings need investment to improve their energy efficiency and this investment is currently paid for from everyone's energy bills. ECO is set out in the Electricity and Gas (Energy Companies Obligation) Order 2012, which includes targets to be delivered by March 2015.

It would be mistaken to cease investment in energy efficiency, which is addressing the problem of high energy bills. We must have a sustained, long-term investment in a huge drive to make our buildings more energy efficient and bring down people's bills.