Give all UK households a set amount of subsidised energy, says thinktank

A UK thinktank proposes a universal energy subsidy, funded by North Sea taxes, to guarantee all households enough power for basic heating, hot water, and key appliances, at an estimated cost of £4.5bn.

A UK thinktank proposes a universal energy subsidy, funded by North Sea taxes, to guarantee all households enough power for basic heating, hot water, and key appliances, at an estimated cost of £4.5bn. | Contesto: cronaca

Punti chiave

  • Give all UK households a set amount of subsidised energy, says thinktank

Contesto

A prominent thinktank has put forward a radical proposal to tackle the UK's escalating energy crisis. It suggests the government should provide every household with a minimum, subsidised amount of energy to cover essential needs. The plan, designed to prevent further household debt, would guarantee enough power to heat two rooms and supply hot water. It would also cover the operation of critical appliances like refrigerators and washing machines. Crucially, the New Economics Foundation recommends funding this universal support through increased taxes on North Sea oil and gas profits. The subsidised energy rates would be frozen at current levels to shield consumers from future price spikes. The foundation estimates the required subsidy for this nationwide safety net would be approximately £4.5 billion. The proposal aims to provide a foundational layer of energy security for all UK residents amidst soaring bills.

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Categoria: cronaca