What the new UK energy security strategy means for your gas and electricity bills

The government has unveiled plans to produce more green energy but no additional help for households currently grappling with soaring energy bills and a broader cost of living crisis

Age Scotland said some people may be forced to cut back on essentials, including groceries, to pay for heating bills.
The new plans will not lower energy bills for years, the government has admitted

The government has announced plans to build eight new nuclear power stations as part of a major clean energy initiative – but has given Britain no further aid energy bills.

Experts have criticized the plans as a “failure” for households suffering from one Cost of Living Crisisthe biggest problem being the rising energy bills.

Energy bills rose by hundreds of pounds per home last week after regulator Ofgem raised its price cap for those with typical use by £693.

The government today unveiled plans for more nuclear power plants as part of its new energy strategy.

The idea is that Britain will produce more of its own energy and more of it will come from greener sources.

The strategy includes ambitions for more wind farms, solar power plants and hydrogen power – but also for more British oil and gas production.

Prime Minister Boris Johnson said wind turbines would produce enough electricity to power every UK home by 2030.

The new plans will not lower energy bills for years, the government has admitted


(Getty Images)

The government has already announced that it will give those in bands A to D a £150 tax refund to help with energy bills and a £200 energy loan to be repaid.

But the plans announced today envisage no further aid for needy households.

A Government statement said: “This Government is already stepping in to help, with over £9billion in aid to families struggling with their bills.

“But if we want to lower prices and maintain them in the long term, we need an affordable, clean and, above all, safe flow of energy.”

The energy strategy also provides more money for the development of heat pumps – an alternative to traditional boilers.

The Government said it will hold a competition worth up to £30million this year to encourage more British firms to manufacture heat pumps.

What do the plans mean for my energy bill?

More electricity generation in the UK means lower future bills.

A large part of the reason energy bills are so high is because UK households rely heavily on gas and prices have skyrocketed.

For example, around 80% of UK homes have gas central heating.

But the plans won’t help Brits with their immediate energy problem – rising bills.

Economy Secretary Kwasi Kwarteng said today that households will do so not seeing the benefits for up to five years.

A government statement said: “If Britain is spending the equivalent of over £1,200 per person this year just to service the national debt, we cannot afford to rely solely on taxpayer funding to help us pay ever higher levels bills to help; we’ll have to pay the bill ourselves”.

But the promise of lower energy bills in the future isn’t helping current struggling households.

The plans have been called a “failure” by Adam Scorer, chief executive of charity National Energy Action.

He said: “This strategy is both disappointing and incoherent.

“We have some of the least efficient housing stocks in Europe. This long-term “strategy” was the perfect opportunity to chart a decade-long plan to protect people from volatile energy prices. It is silent on this crucial question.

“This strategy simply does not address the crisis affecting millions of households. It’s more than a missed opportunity. She is a failure.”

Other experts also lined up to criticize the new energy strategy.

Uplift’s Tessa Khan, who campaigns for green energy, said it was “a betrayal to millions of families across the UK who are being marginalized by rising energy bills caused by our dependence on gas”.

Danny Gross, an activist with the environmental organization Friends of the Earth, said: “The amazing lack of energy efficiency measures will leave people freezing, desperate and broke next winter.”

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https://www.mirror.co.uk/money/what-uks-new-energy-security-26656888 What the new UK energy security strategy means for your gas and electricity bills

Fry Electronics Team

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