Liz Truss’ intervention to freeze the #energypricecap for 2 years is a big one that shows the government has finally grasped the scale of the challenge.
But there is a sting in the tail.
1/5
But there is a sting in the tail.
1/5
https://twitter.com/NEF/status/1567818672110018561
By refusing to ask energy companies - who will be making £170 billion worth of excess profits over the next 2 years - to foot the bill, the government will instead be asking our public services and communities to pay for this through lower investment.
2/5
2/5
And for families on low to modest incomes, average #energybills of £2,500 a year will still be a big hit when combined with the rising cost of food and everyday essentials. Yet, the government has done very little to boost their incomes.
3/5
3/5
There is an alternative:
After a 6 month price cap freeze, the government could introduce a system of free basic energy with a rising tariff for energy use on top of that
A #GreatHomesUpgrade to retrofit our homes and reduce bills for the long term.
4/5
After a 6 month price cap freeze, the government could introduce a system of free basic energy with a rising tariff for energy use on top of that
A #GreatHomesUpgrade to retrofit our homes and reduce bills for the long term.
4/5
A £750 #costofliving allowance for all households paid for through a tougher #windfalltax on energy companies + an energy top-up to benefits worth £1000.
This would offset the full cost of living rises for 80% of families and gear support to those that need it the most.
5/5
This would offset the full cost of living rises for 80% of families and gear support to those that need it the most.
5/5
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