Today the Chancellor set out his long awaited #Budget2023

With millions of households still struggling to pay their energy bills and make ends meet, this was an opportunity to lay out a meaningful long term plan to fix the UK's broken energy system.

So how did it stack up? 🧵⬇️
While the extension of the Energy Price Guarantee at current levels for 3 months is welcome...

...@eciuuk have calculated that all households will still pay £285 more for energy bills in 2023/24 than they did this winter 💰📈
The Chancellor also missed a vital opportunity to deliver much needed additional support to the 7.5 million households who will still be living in fuel poverty from April 🏠

Or address the issue of tackling the UK’s £2.7bn household energy debt 💷
Committing to end the higher premium paid by customers on prepayment meters is a welcome step...

...However, the 4 million households on PPMs have been penalised for years and should be compensated ✊💰
The PPMs premium has also highlighted how unfair the energy market is ⚖️

Standard credit customers now pay £202 more for their energy & some regions pay 7% more for their electricity 📍
No new announcements were made on home upgrades, despite the facts that:

❌ The UK still has the leakiest homes in Europe
❌ Insulation rates are falling by 55% year on year
❌ And there is home retrofit underspend ⬇️

e3g.org/news/will-the-…
We cannot afford to wait for a properly funded programme of home upgrades, to boost energy efficiency, reduce energy waste, and bring down bills permanently 📉

Recent #WarmThisWinter polling showed 84% of respondents back more support for home insulation

warmthiswinter.org.uk/news/mps-and-p…
Govt still needs to remove the barriers to rolling out more cheap energy like onshore wind & solar, instead of focusing on more expensive tech like CCS + nuclear.

📊 85% of respondents to our YouGov poll agreeing more homegrown renewable energy would improve UK energy security.
The #Budget2023 was a chance to close the loophole in the windfall tax, estimated to cost the UK public almost £11 billion 💷

↪ The govt must rapidly transition away from expensive oil and gas, and stop subsidising more drilling.
If the Chancellor wants to boost growth, the UK needs a long term plan for permanently tackling the ongoing crisis of unaffordable energy bills 🧾
Join us on April 1st, alongside your local MP, to demand that Government ensures every household can stay warm every winter ⬇️

warmthiswinter.org.uk/mass-lobby

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Warm This Winter

Warm This Winter Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ThisWinterUK

Mar 3
The Ofgem Price Cap - Unpicked; A thread 🧵⬇️

On Monday Ofgem announced their latest quarterly price cap.

This announcement is largely irrelevant for consumers BUT prices will go up 📈 from April 1st 👇

(1/5)
This is because the Energy Price Guarantee (set by the government) is rising.

EPG = The limit on how much customers can be charged per unit of energy used.

Since October it’s meant typical households won’t pay over £2500 for their energy.

That’s set to rise to £3000 💰

(2/5)
Simultaneously the Energy Support Scheme is ending.

Meaning bills will be increasing up to 43% causing huge amounts of extra strain on already tight budgets 💵

“But isn’t the price of wholesale oil and gas falling?” 📉

(3/5)
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(