Expert warns of renewed energy concern following 'immoral' budget announcement

17th Oct 2022

 

Comment from energy expert and CEO of the Energy and Utilities Alliance, Mike Foster, on the recent announcements made by the new Chancellor.

Mike Foster, CEO of the Energy and Utilities Alliance, says: “News that the energy price cap protection coming to an end in April will surprise and worry millions of hard-pressed families. Together with the announcement that promised tax cuts have also been withdrawn will heap huge financial pressure onto those already struggling to pay their bills.”

 

“The Treasury-led review to support families in the future looks like an excuse to cut support in these uncertain times, when we don’t know what energy prices will be. While all this is happening, the Government’s own Boiler Upgrade Scheme hands out £5000 subsidies to the well off to change their heating, while millions struggle to pay their bills. It’s immoral in these difficult times and needs to be culled, with the money used more wisely.”

 

“This reinforces our view that in the longer-term we need to switch away from fossil gas and switch our gas network to hydrogen. We can produce ourselves and free us from the global gas markets that Putin’s war has massively impacted.”

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