The Confederation of British Industry (CBI) has urged the government to extend the Energy Bill Relief Scheme beyond March 2023 for high energy users to prevent plunging British industry into disarray.
Both the National Energy Action (NEA) and the Social Market Foundation (SMF) have said that over seven million households face the risk of fuel poverty come April 2024 prompting calls for politicians to provide “workable long-duration policies”.
Plans have been unveiled that will see the Irish energy grid directly connected to continental Europe for the first time via a 575km interconnector running through the Celtic Sea.
The accelerator, Energy Systems Catapult, has piloted a new service called Warm Home Prescription, which allows a select number of NHS regions to pay the energy bills of vulnerable NHS patients from low income households.
The Office of National Statistics (ONS) has showcased the impact of the energy bills support measures on public sector borrowing with the October 2022 figure standing at £13.5 billion.
The ongoing energy crisis is proving to serve as a catalyst for energy retailers to overhaul their technology platform and deliver transformational efficiencies.