Consensus is building across the political spectrum around the need for a permanent solution to the problem of increasingly unaffordable energy bills in the UK. While some have suggested that green policies are to blame for the increasing costs, the main drivers have in fact been rising energy imports and price pressure due to increasing global energy demand. Indeed, the Coalition Government’s cut to the Energy Company Obligation to support energy efficiency has hindered rather than helped manage these impacts. Energy prices are still relatively low in the UK compared to many European countries, but the UK has some of the most inefficient housing stock in Europe. As such, it simply takes more energy to keep our homes warm compared to elsewhere in Europe and this drives up bills.
This report outlines a number of steps the next government should take to address this challenge and get a grip on energy bills once and for all.
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