What is the ECO3 Scheme?
According to government statistics, around 2.5 million households are living in fuel poverty, that’s approximately 1 in every 10 homes. As a result of this shocking statistic, the government launched a new scheme called the Energy Company Obligation Scheme or ECO for short.
What is fuel poverty?
Citizens Advice defines “fuel poverty” as households that are “either living in a cold home, or spending so much of their income on energy that they are ultimately being pushed into a state of poverty”
Introduced in 2018, the ECO3 scheme was implemented as a way of the government achieving its target; of having every household throughout the UK meeting an EPC level of Band C and above.