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The Energy Company Obligation (ECO)

energy company obligation scheme

How we could help reduce your bills

Energy companies, like us, can potentially subsidise improvements that make your home more energy-efficient – and cheaper to heat. The catchy name for this is the ‘Energy Company Obligation (ECO)’. It’s been around for a while, but this version began in April 2017. 

How do I qualify for help?

The good news is everyone qualifies for some kind of help. There are just certain improvements, such as replacement boilers, that are only available if you meet certain criteria based on income, receipt of benefits and tax credits. For a brand new boiler, you’d probably need to either live in a low-income or vulnerable property, receive Pension Credit or receive Child Tax Credit with a yearly income of £15,860 or less.

How do I apply?

Contact the Energy Saving Advice Service on 0300 123 1234 – Monday to Friday, 9am – 8pm or Saturday 10am – 2pm. Visit this page to see how much the call might cost you. They’ll help you work out whether you qualify for Energy Company Obligation funding. If you do, they’ll explain what to do next and how to apply.

Types of help

Affordable warmth subsidy

This provides help for people who might be vulnerable to the effects of living in a cold home, like pensioners or young children.
Your energy company could repair or replace the boiler, or provide loft or wall insulation. 

Carbon emissions reduction subsidy

Your energy supplier could help you financially with:

  • Insulating solid walls (usually on older buildings) that might need cladding on either the inside or outside
  • Cavity wall insulation for homes built after the 1930s
  • Loft insulation
  • Connections to district heating systems
  • Double glazing
  • Draught proofing

How else can I cut my energy costs?

It’s easy to make sure energy isn’t being wasted – you probably know all of these tips, it’s just about putting them into practice:

  • When you boil a kettle, only use as much water as you need
  • Turn appliances off at the wall – don’t leave them on standby
  • Use energy-saving light bulbs
  • Defrost your freezer regularly
  • Use draught excluders outside doors, windows and letterboxes.
  • Only do 30°C washes on your washing machine.
  • See our full energy saving guide for more details.

You could also speak to the Centre for Sustainable Energy who will give you free, impartial advice on saving energy, renewable energy and applying for subsidies and financial support at 0800 408 6601 and ovo@cse.org.uk

What are my rights as an energy consumer?

Boost is all about honesty, and being straightforward – but if you ever want to seek free, independent advice, it’s easy. You might want to find out about getting a better deal, how to make a complaint, or get advice about the quality of your electricity or gas supply. You can also ask for help if you're struggling to pay your bills. Just visit Citizens Advice online or contact them on 03454 04 05 06. You can also call us to get a copy of the “Know your rights in a changing energy market” leaflet posted. 
 

This guide is intended to provide general guidance only. It is not intended to give you advice on your personal financial circumstances. You should seek independent professional advice if you’re unsure about anything mentioned in this guide or what choices to make.

 

O​VO​ Energy Ltd, registered office 1 Rivergate Temple Quay Bristol, BS1 6ED, company no. 06890795 registered in England and Wales, VAT No. 100119879

Additional terms and conditions
Please see below for full terms and conditions on 33% renewable electricity, 3% interest rewards, exit fees and saving claims.

 

1Monthly cost - Representative monthly direct debit costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas) paying in advance by direct debit, including online discount.  All rates correct as of 15/1/2018, but may go up or down.

2Weekly cost - Representative weekly costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas).  All rates correct as of 22/11/2017, but may go up or down.

3Pay Monthly Savings claims: Saving based on the estimated annual cost of OVO Two year fixed tariff for a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas) paying monthly in advance by direct debit, including online discount. Comparisons made against the average of the Big 6 standard variable tariffs with equivalent features. All rates correct as of 15/1/2018.“The Big 6” are British Gas, Scottish Power, SSE, Npower, E.ON and EDF.

4Pay As You Go Savings are based on the average estimated annual costs for new PAYG OVO customers quoted through the OVO website (based on household and/or consumption information provided by those customers), compared to their current supplier and tariff. Comparisons taken between 01/01/2016 and 11/10/16. Incl VAT. Actual savings may vary according to your current supplier or tariff, individual tariff options, household information, consumption and location. 

We include almost twice as much renewable electricity as the national average: At least 33% of electricity in all of our tariffs comes from renewable sources. The national average, according to Ofgem as at March 2014 was 16.7%. For more information please visit this page.

33% of your electricity comes from renewable sources: 33% renewable electricity as standard as of 1st April 2015. Renewable electricity is generated from wind, solar, geothermal, wave, tidal, hydro, biomass, landfill gas, sewage treatment plant gas and biogas.

3% interest: Calculated at 3% per year for customers paying by advance direct debit.  The OVO Interest Reward is paid monthly based on   number of days in credit and the amount left in your account after you’ve paid your bill,  and the credit balance on which you can earn the OVO Interest Reward is capped. Terms apply: http://www.ovoenergy.com/terms/

95% of new customers save when switching to OVO: Savings based on the average estimated annual costs for all new OVO customers quoted through the OVO website, compared to their current supplier and tariff. Comparisons taken between 01/05/2016 and 11/10/16. Incl VAT.

94% of surveyed customers would recommend us: OVO conducted a survey of their customers in between 1st January 2016 and 15th April 2016. Out of 15,312 customers who responded, over 94% rated OVO 6+ when asked 'how likely would you be to recommend us to a friend and family, on a scale of 1 to 10.

uSwitch's Energy Supplier of the Year: OVO energy was voted and awarded  'Energy Supplier of the year' and best for: Overall Customer Satisfaction, Most Likely to be Recommended, Value for Money, Best Deal for You, Customer Service, Billing Services, Energy Efficiency, Meter Services, Online Services, Green Services and Transfer Process. OVO Energy scored a 96% customer satisfaction score.

* EV - Everywhere, full terms and conditions: https://www.ovoenergy.com/ev-everywhere/terms

* OVO SolarStore (Beta), full terms and conditions: https://www.ovoenergy.com/ovo-solar-store/terms

Pay Monthly unit rates

PAYG unit rates

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