NEWS BROKE today that a government incentive which provides vulnerable housing with free insulation is to be slowed down in a bid to halve the levy imposed on consumer’s bills, writes Honey Kohan .
The Energy Companies Obligation (ECO) scheme cost tax payers approximately £100 per year, but it is hoped by rolling it out over four years instead of two, consumers will see their bills reduced by roughly £50.
But is the government doing enough? We roamed the streets to ask people: Will a £50 saving per year make a difference to you?
Lauren Palmer, 21 and Sophia Eltayeb 25, said: “A £50 saving will make a big difference since energy prices have increased dramatically recently.”
Gary Skelsey, 59 said: “The saving is a step in the right direction. But energy companies have gained so much through their price increases over the years that they have already collected the £50 people will now be saving.”
Liz Campbell, 62 said: “I don’t believe the saving will significantly affect me, but I am becoming increasingly aware of my energy usage and I am trying to cut back.”
Max Higgs, 34 said: “£50 will not make a difference for me, but it will have a huge impact for others.”
Josh Jefferies, 25 and Aiden Clarke, 29 said: “We have definitely noticed the increase which has taken place over the past years. A £50 saving will help towards our bills overall.”
It would seem that the £50 saving will be welcomed by many households, but the dissatisfaction with the overall price increases is undeniable. We wonder whether the government will do more to control energy companies’ price increases in the future?
