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UK: Energy bills reduction campaign canceled due to mounting cost

Author : Pankaj Singh | Published Date : 2022-10-10 

UK: Energy bills reduction campaign canceled due to mounting cost

A public information campaign to assist households cut their energy bills this winter has been reportedly canceled due to additional expense, according to a cabinet minister.

As per Nadhim Zahawi, the effort to promote domestic energy saving could have cost up to £15 million ($16.6 million). When asked if winter blackouts would occur, Zahawi responded that it was extremely unlikely.

According to sources, Truss's office objected to the plan.

The government has announced that it will borrow £60 billion for a six-month period in order to limit the annual bill to £2,500 ($2767.89) amid concerns about growing household energy costs.

The Department for Business, Energy and Industrial Strategy (BEIS) had been putting up a public education campaign to assist consumers in saving energy and money.

Liz Truss, UK's PM, is believed to have been adamantly opposing the campaign because she thought that it would be too intrusive.

Zahawi, the Chancellor of the Duchy of Lancaster, stated that the campaign might have incurred a cost of over £15 million ($16.6 million), and denied that its cancellation showed the administration was divided.

Zahawi stated that such a campaign was unwarranted because the National Grid, which supplies energy throughout the United Kingdom, and the national energy regulator Ofgem were both running similar initiatives.

Energy executive Martin Pibworth stated that the UK’s investment in renewables gives a little more certainty of supply in comparison with the European neighbors.

Truss has pledged to improve the UK's energy supplies by hastening the implementation of renewable energy sources, although she is opposed to solar farms being built on productive farming land.

The fracking moratorium has been overturned, and her government has also said it will issue fresh licenses for North Sea oil and gas exploration.

Ministers are evaluating suggestions from fracking companies to offer extra money to towns to entice them to get authorization. Truss has emphasized that fracking will only proceed if the locals agree.

Source credit: https://www.bbc.com/news/business-63191791

About Author

Pankaj Singh . .

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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