Update on the ECO brokerage

March 2013: DECC have provided a summaries on the first four auctions undertaken under the Energy Company Obligation (ECO) brokerage (for more on the brokerage – see here and here).  Details can be viewed on DECC’s website here . They’re not the easiest thing to decipher…hence, useful that Inside Housing have produced the following analysis highlighting that:

  • Energy companies are paying as much as double last year’s high for carbon savings from energy efficiency works on homes
  • The identity of the organisations selling the savings is hidden until a deal is struck to make the process more transparent and competitive.
  • Many of the lots did not meet the reserve price set by green deal providers.
  • A spokesperson for DECC said: ‘Ultimately, the ECO brokerage market is in an early stage of development and it will take a few auctions for the price to settle.’
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