IPPR urge investment in energy efficiency
The government should accelerate investment in energy efficiency measures for low-income households with a further £1bn of annual capital spending, according to a new report from IPPR. Released on Tuesday 1 September, The Chancellor’s Choices illustrates a wider range of measures that could be implemented by the government to achieve a surplus in 2019-20 while still being progressive. It highlights how the Energy Company Obligation (ECO) has been poor at targeting fuel-poor consumers, with only 47% of fuel-poor households in 2013 benefiting from the scheme. To address this, IPPR recommends raising the energy performance certificate (EPC) levels of the homes of all 4.7mn low-income households to grade ‘C’ by 2030, requiring an additional £1bn of ring-fenced investment per year.