100 billion to subserdise energy bills over two years

[Oldgreybeard]

They would have to change the way the market works to achieve that, after all the only reason the costs are as high now is because all sources of energy are sold at the same price.

I agree, but that is open for consultation at the moment (Nowty posted links in another thread) and it seems that the daft "highest last minute bidder sets the price" is under review. Not that easy to change the process, given the interdependencies and the possible impact on all the hedging arrangements that suppliers have set up, but nevertheless it does seem as if there is some willingness to look at making the system fairer.

[spread-tee]

A 100Bn sticking plaster to solve nothing, this bloke explains far better than I can

https://www.taxresearch.org.uk/Blog/202 ... is-winter/

We really need a radical rethink of how our economy works, the energy sector is just one very visible example of the many problems our economy is facing.

Desp

[martinW]

Just realised that for that money 50% of homes in the UK could have a 8-10 kWh battery storage system installed.

That would reduce their electric bills by 2/3rds.

It would also reduce peak demand on grid which should reduce costs to generate electric.

As gas is the biggest cost, maybe the only answer is to insulate every home possible. Bring back grants for external insulation etc.

Drastic changes to building regulations needed also.