Mike Foster, the Chief Executive Officer (CEO) of the Energy and Utilities Alliance (EUA), said: “The Chancellor confirming the energy price cap will see a whopping increase up to £3,000 in April will inevitably worry millions of hard-pressed families. Our recent consumer survey found 78% of Brits support keeping the price cap on energy bills in place, so an increase that plunges millions into fuel poverty is not what any households wanted to see.”
He adds, “This is particularly immoral while the Government’s own Boiler Upgrade Scheme, that is still in place, hands out £5000 subsidies to the well-off to change their heating, while millions struggle to pay their bills."
Renewed investment
Mike Foster continues, “They have missed an open goal to solving some of the energy bills turmoil plaguing the British public. Redistributing these millions of pounds in pointless heat pump subsidies into insulation, efficiency measures, and bills support is really a no-brainer.”
“With news of renewed investment in nuclear, this budget also reinforces our view that longer-term we need to move away from fossil gas and switch our network over to hydrogen,” said Mike Foster, adding “Not only will this help to reduce emissions – which the Chancellor pointed out was a priority in his speech – this level of energy independence would also free us from the global gas markets that Putin’s war has significantly impacted.”
