Green Deal and Energy Company Obligation - an overview

The Green Deal and Energy Company Obligation ("ECO") are set to be fully launched on 28 January 2013 with the aim of providing a funding mechanism for thousands of domestic and non-domestic properties to be retrofitted in ways which increase energy efficiency and reduce energy usage. The Green Deal also received a further boost last week when Energy Minister, Greg Barker, announced that interest rates on Green Deal finance would be below 7% lower than the quoted 8% – 9% which was originally expected.

28th January 2013

The Green Deal and Energy Company Obligation ("ECO") are set to be fully launched on 28 January 2013 with the aim of providing a funding mechanism for thousands of domestic and non-domestic properties to be retrofitted in ways which increase energy efficiency and reduce energy usage. The Green Deal also received a further boost last week when Energy Minister, Greg Barker, announced that interest rates on Green Deal finance would be below 7% lower than the quoted 8% – 9% which was originally expected.

Shepherd and Wedderburn's low carbon specialists have produced a briefing note explaining some of the key aspects of both the Green Deal and ECO schemes.

Please click here for a copy of briefing the paper.