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WE ALL KNOW THE TERM ‘FUEL POVERTY’, BUT WHAT EXACTLY DOES IT MEAN?

We all know the term ‘fuel poverty’, but what exactly does it mean? Many households are living in fuel poverty without even realising. This is categorised by having fuel costs that are above average, leaving disposable income below the poverty line once these expenses have been paid.

The last study conducted this year showed that 13% of households in England were fuel poor, with a number of those living in homes that are not energy efficient. As the summer months start to draw to a close and the colder weather sets in, household energy efficiency is critical and oftentimes by investing into your home, you can save money on bills longer term.

Having said that, work such as upgrading central heating, replacing old boilers and investing into new loft, cavity wall and external wall insulation can be a big upfront cost and one that’s not feasible for everyone. Granted through The Energy Company Obligation (ECO) scheme launched in 2013, Ecogee is currently installing energy saving measures in both domestic and commercial properties and will continue to work with ECO scheme funding until 2026.

Under ECO, qualifying households are eligible to have energy saving measures fitted in their homes to help contain more heat and reduce the amount of money they spend on gas and electricity.

After a difficult time for many, having to face lockdowns, furlough and job losses, it can feel like an additional worry when it comes to keeping your home warm for the winter months. This is something that impacts millions of people, and we believe that every household deserves to be warm. With the effects of the pandemic still taking its toll, take one thing of your plate and see if you’re eligible for ECO funding.