Investing in insulation for UK homes earlier would have paid off now, Lord Callanan admits

(edie.net, 14 Jul 2022) A Minister has admitted that the huge support payments the Government is providing to help households keep on top of their energy bills could have been spent more efficiently if it had not previously cut insulation budgets.

During a House of Lords debate on Tuesday (12 July) on legislation to introduce the next phase of the ECO (Energy Company Obligation) scheme, Liberal Democrat peer Lord Teverson slammed George Osborne’s post-2015 general election cuts to energy efficiency support.

He said the UK would be in a “better position than we are now” if the then-Chancellor of the Exchequer had not “massacred various energy efficiency schemes”.

The £37bn of cost-of-living support, already announced by the government, is a “standstill” measure that will not tackle the underlying problems of fuel poverty, the Lib Dem peer said. He added: “If only we were managing to put that money into these sorts of schemes, those fuel poverty numbers would start to come down rather than inevitably skyrocketing, as they will.”

Lord Teverson added that the support offered via the ECO programme, which is due to help 350,000 households over the next four years, is “only a pinprick—a drop in the ocean” compared to the number of fuel-poor homes that need to be upgraded.

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edie.net, 14 Jul 2022: Investing in insulation for UK homes earlier would have paid off now, Lord Callanan admits