Utility Bidder Energy Insights 2022 - Flipbook - Page 23
What is the
government doing to
help?
The government is facing calls from all sources to do more to help. Utility Bidder and many energy companies are lobbying
government, opposition parties are calling for action and even some of the government’s own MPs are concerned.
Some ideas put forward are:
• Scrapping the VAT rate on energy bills
• Limit the rise in the energy price cap at the six-month review in April. If there is a loan scheme for the industry, then suppliers
could try to balance their books and borrow cheaply from the Treasury and repay the loans over a few years. It would mean that
retail prices do not fall when wholesale prices drop and would bake in higher energy prices for years to come.
• Suspending environmental levies which fund renewable energy schemes.
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