Price cap - Consultation on reflecting the planned ECO+ scheme
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
Publication date
Closed date
Industry sector
Supply and Retail Market
Licence type
- Electricity Supply Licence
- Gas Supplier Licence
Scheme name
ECO
Decision
This is a consultation on our proposed approach to reflecting the government’s planned expansion of the Energy Company Obligation (ECO) scheme in the default tariff cap (the cap) from cap period 10a (April 2023 – June 2023) onwards.
In November 2022, the Department for Business, Energy and Industrial Strategy (BEIS) set out proposals for an additional ECO scheme, ECO+, to commence in ‘Spring 2023’ and run until 2026. As the ECO+ scheme is intended to place obligations on eligible suppliers to deliver notional bill savings through the delivery of energy efficiency measures, we need to consider how to reflect it in the cap. This consultation sets out our proposals.
We welcome views from all stakeholders with an interest in the domestic retail energy supply market. We particularly welcome responses from suppliers, consumer groups and charities. We would also welcome responses from other stakeholders and the public.
If you wish to respond to this consultation, please send your views to retailpriceregulation@ofgem.gov.uk on or before 3 February 2023.
Update 27/02/2023: We have now published responses to this consultation below.
Respond name
Marcus McPhillips