The government can give households and businesses a lift in March's Budget by backing smart on energy efficiency.
Energy cost pressures aren’t going away anytime soon. The latest Ofgem price cap announcement might show prices coming down – but that cap is still higher than the amount households pay, thanks to the government's energy price guarantee scheme.
So households and businesses will continue to struggle. It’s why the CBI called for the government to focus on energy resilience – and think ahead to how we’ll all cope next winter – in the Budget in March.
The extension of the energy price guarantee (EPG) in the Budget until the end of June will come as a welcome relief to households. So will the announcement that pre-payment customer charges are to be brought in line with comparable direct debit customers until the end of the EPG.
Energy efficiency is a no-brainer – it will boost growth and ultimately reduce a significant cost burden to businesses. What it needs is for the government to support it, particularly fo