Shelve your ideology to sort out energy, next PM told

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Onward has come up with a £47 billion five point plan to steer the country through as prices continue to soar. The centre-right group says targeted support for households is needed immediately and the existing £400 of planned help should be paid out more quickly.

On top of that, every household should be given £1,000 off energy bills in January with an extra £1,000 for pensioners and benefits claimants.

It recommends a windfall tax on low-cost electricity generators to help pay for support as many wind, solar, nuclear and biomass generators have made “extraordinary profits” during the crisis.

In a report today, it says a serious campaign is now needed to cut energy demand, which would help bring down prices.

The fourth measure would be to increase the use of alternative fuel supplies, including coal and diesel. It says that although it would be unpopular with climate activists, the sources are the only available options at the moment and they would reduce the risk of blackouts.

Its final recommendation is to keep energy flowing across borders, warning the European Union is at risk of descending into “energy nationalism” but this would make shortages worse. 

Ed Birkett, head of energy and climate at Onward, said: “The energy crisis will define the start of the new Prime Minister’s term in office. The challenges are huge, with high energy prices demonstrating that the UK is not immune from Russia’s decision to ration gas supplies to Europe.

“To get through the crisis, everyone will have to be pragmatic. The new Prime Minister will have to do some things that they won’t want to do or which are politically difficult, like the windfall tax on electricity generators or telling households and businesses to save energy this winter. 

“Green campaigners will need to accept measures to diversify supply. And households will inevitably pay more. But with the right plan, there is a way through this crisis.”

Source: Read Full Article