An independent report examining the costs of the Government's new energy efficiency programme, the Energy Company Obligation (ECO) scheme, has found it could add £94 to consumer energy bills next year.
The Energy UK report's findings also revealed that the cost of the Department of Energy and Climate Change's energy model is significantly greater than was originally estimated.
– Angela Knight CBE, Chief Executive of Energy UK
The industry has long been concerned that the Department of Energy and Climate Change had underestimated the costs of its new ECO scheme. This independent report by NERA supports our fears as it shows when the right numbers are put in, the cost to households doubles or more. This has to be sorted out now and we are calling on Government to work with us so that customers get the insulation they need in a sensible and cost-effective way. We have also written to consumer groups asking them to come and discuss these findings and help with the solution.