UK politics
fromwww.theguardian.com
12 hours agoUnlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner
Rachel Reeves aims to assert that the UK economy was improving before the war and did not initiate or join the conflict.
The International Energy Agency (IEA) says it is the 'largest supply disruption in history'. With the disruption expected to have a lasting impact on prices, governments around the world have introduced measures to limit the impact on consumers and the economy.
"Among the measures being modelled behind closed doors are the throttling of data speeds, restricting access during periods of high demand, and charging customers a premium at peak times, a move that would mark a significant departure from the all-you-can-eat tariffs that have dominated the British mobile market for more than a decade."
Octopus Energy reported that its heat pump orders more than doubled in March compared to February, while sales of solar power systems increased by almost 80%. This trend reflects a growing consumer shift towards renewable energy solutions.
The era of fossil fuel security is over, and the era of clean energy security must come of age. This is the clear lesson as we face the second global energy shock in less than five years.
The bulk of the £200 (10%) saving from a year ago is not real. It's a transfer of bad climate policy costs from bills to taxes. Hiding the problem, not solving it. This means future taxpayers, your children, are now subsidising old wind farms and failed heat pump promotion campaigns, rather than stopping the waste.
Energy regulator Ofgem is forecast to cut the default tariff price cap by about £117 to roughly £1,641 per year for a typical dual-fuel household from 1 April. The change follows government policy announced by Chancellor Rachel Reeves, who said £150 would be removed from average household bills by abolishing the Energy Company Obligation (ECO) scheme introduced under the previous Conservative government.
Around six million low-income households will continue to receive 150 off their winter energy bills after the government confirmed its Warm Home Discount will remain for five more years. It follows a consultation on how best to continue the scheme, which has been in place since 2011, with eligibility widened last year to include a further 2.7 million families. Ministers said extending the scheme until the winter of 2030/31 would help with the ongoing high cost of living,
Chancellor Rachel Reeves has raised concerns over petrol pump profiteering and has officially put regulators on 'high alert' regarding this issue. In response to rapidly rising fuel prices, she has summoned key stakeholders, including fuel retailers and energy suppliers, to Downing Street for crucial discussions to address the situation.