Consultation outcome

Energy Company Obligation (ECO) brokerage service

• From: Department of Energy & Climate Change
• Published: 12 December 2012
• Last updated: 3 February 2014 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Read the full outcome

Government response

Ref: 14D/036

PDF, 253 KB, 12 pages

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Detail of outcome

This document sets out the government’s response to its consultation of 12 December 2012 on the ECO brokerage platform. As set out in the government response, the government will not make any changes to the brokerage platform at this stage and will continue to monitor its operation.

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Original consultation

Summary

Seeking views on whether to regulate energy companies' use of the brokerage service.

This consultation ran from
12 December 2012 to 11:45pm on 15 April 2013

Consultation description

In the November 2011 consultation on the Green Deal and Energy Companies Obligation, the government proposed the introduction of a market-based mechanism to support an open and competitive market for the delivery of ECO. There was a clear majority of views expressed in favour of the proposal, so the government intends to put a brokerage mechanism in place on a voluntary basis - while a consultation asking for views, and any supporting evidence, on the need to regulate energy companies to use the brokerage service, is carried out.

The brokerage service will operate as a fortnightly auction, allowing delivery agents to sell ‘lots’ of commitments to deliver units of ECO Obligations, namely the Carbon Saving Obligation, Affordable Warmth and Carbon Saving Communities. ECO-obligated energy suppliers will compete to purchase ECO units. We are seeking views and evidence to supplement our understanding of what volumes of ECO should ideally be traded on the platform, and whether ECO-obligated energy suppliers should be regulated to use it.

Documents

Energy Companies Obligation brokerage mechanism

PDF, 531 KB, 32 pages

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Energy Company Obligation brokerage platform: impact assessment

PDF, 679 KB, 45 pages

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Published 12 December 2012
Last updated 3 February 2014 + show all updates

1. 3 February 2014

   The Government Response has been published.

2. 12 December 2012

   First published.