EDF Energy meets energy efficiency targets ahead of schedule
EDF Energy has confirmed today that it has met all of its energy efficiency targets for the Energy Company Obligation (ECO), ahead of the scheme’s March 2015 deadline.*
The company has supported the installation of 170,000** energy saving measures in 144,000 properties across England, Scotland and Wales. These measures, which include loft insulation, cavity wall insulation and boiler replacements, will help householders save millions from their energy bills, as well as cutting more than 2.4 million tonnes of carbon emissions.
The Government’s ECO scheme was introduced at the beginning of 2013, and set energy suppliers with individual targets to deliver energy saving improvements to customers’ homes. The scheme focuses on benefitting vulnerable and low-income households as well as properties that are considered ‘hard-to-treat’.
EDF Energy has been pleased to work in partnership with local authorities, charities and installers to identify the most vulnerable communities in the UK and install appropriate energy saving measures. Through the ECO scheme, EDF Energy has fitted more than 32,000 replacement boilers. These will deliver lifetime energy bill savings of more than £550 million.
The deadline for energy suppliers to meet their respective targets is March 31st 2015. EDF Energy is the first supplier to announce that it has reached its target.
Vincent de Rivaz, Chief Executive of EDF Energy, said: “We’ve worked hard to deliver these important measures on time, so that as many customers as possible benefit in time for winter.
“These energy saving installations are proven to substantially lower energy bills, cut carbon emissions and keep homes warm. Our focus has been on supporting some of the most vulnerable and low-income communities in the UK. While we’ve met our targets more than three months early, our programme continues and more households will be able to benefit in future.”
Today’s announcement follows on from EDF Energy also meeting its targets on time for the Government’s previous energy efficiency schemes, CERT (Carbon Emissions Reduction Target) and CESP (Community Energy Saving Programme).
To find out more about EDF Energy and ECO visit: http://www.edfenergy.com/for-home/energy-efficiency/eco-government-scheme.
*Subject to Ofgem approval. Suppliers not meeting their 2015 ECO targets potentially face enforcement action by Ofgem or an uplift to their 2017 target (depending on the particular target that has not been met).
**55k of these are excess installations from EDF Energy’s over delivery of the CERT (Carbon Emissions Reduction Target) and CESP (Community Energy Saving Programme) schemes.