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UK government reviews steps to lower rising energy bills
The government said typical bills will average £1,723 from October, after a 4% rise.
British households are facing higher gas and electricity costs, with the energy price cap lifting typical bills to an average of £1,723 from October.
In comments reported by the Guardian Business, the UK energy secretary said the government is looking at “fundamental reforms” to reduce bills, including measures such as renewed investment in renewable energy, while acknowledging families are concerned about the cost of living this winter.
The report also includes warnings that renewables can carry higher system costs without adequate backup and grid investment, with an energy analyst arguing that more nuclear power is needed and that longer term cost reductions will require a shift in approach rather than short term tinkering.
Separately, Age UK urged ministers to raise the Warm Home Discount to £200 for this winter and to expand access to help older and low income households, while calling for additional funding to support local councils through a Crisis and Resilience Fund.