ECO Switch

Independent energy suppliers face tough targets to deliver domestic energy efficiency measures to discharge the Energy Company Obligation (ECO), and are often forced to resort to paying their market rivals in the Big Six to meet their obligations. The BEIS brokerage platform set up in 2012, intended to create a market in competitive provision of ECO compliant measures, is seldom used.

This issue facing smaller suppliers will be exacerbated when, in April 2019, the thresholds for participation in the scheme fall and even more suppliers will take on targets under the scheme.

Pixie Energy is creating a tri-partite online auction platform to support independent suppliers in delivering ECO measures in a cost-effective manner. It will reduce search costs and introduce a competitive element in the selection of energy efficiency solution providers.

The three types of party are originators, solution providers and suppliers. Originators are initially local authorities and social housing groups. They will provide eligible housing to the platform. Solution providers, which install energy efficiency measures, will then offer their best quotes to deliver work, and suppliers will offer to pay for the measures to discharge their obligations.

We are developing a prototype platform in cooperation with e-POWER. The intention is to launch a trial platform in time for the second phase of ECO3, which begins in April 2019. Several local authorities, suppliers and solution providers are already in discussions with us regarding joining the platform for this trial.

For a full explanation of our proposal please click here.

If you are interested in becoming involved in the proposed scheme please contact t.andrews@cornwall-insight.com.

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