The cost of keeping warm and the price of inadequate policy

We are in the middle of an energy price crisis,1 with energy insecurity, fuel poverty, and their deleterious effects firmly fixed on the policy agenda, in media discourse, and in the public’s awareness. Since October 2021, the annual cost of energy for the average household (without government intervention) has risen from roughly £1300 to more than £3500. These rises are expected to continue into 2023 and beyond.2 Responding to the situation and pressure from charities, campaign groups, and researchers, the UK government has set out drastic fiscal policy.3The package comprises a £150 council tax rebate and, under the Energy Bills Support Scheme, a £400 energy bill rebate. Additional payments for some vulnerable groups are included, such as those on means tested benefits or of an age to receive a pension. An increase in available local authority funding of £1bn has also been announced as part of the Household Support Fund….
Read Original Article: The cost of keeping warm and the price of inadequate policy »