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This budget delivers real, targeted support — from expanding the Fuel Allowance to permanently cutting VAT on gas & electricity, saving households over €100 a year. Instead of one-off credits, we’re investing in long-term grid upgrades to keep energy affordable.

Darragh O'Brien

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11,041 次观看 • 9 个月前 •via X (Twitter)

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'VAT doesn't belong on energy bills, it's not a luxury, it should come off gas bills as well' Dale Vince, owner of the energy firm Ecotricity who was also in Downing Street when Andy Burnham became Prime Minister, spoke to #BBCBreakfast about plans to remove VAT from electricity bills in October, saving a typical home about £45 a year

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“According to the National Transformation Plan, Somalia is committed to expanding access to sustainable energy by increasing electricity coverage from 69.1% to 80%. This will be achieved through strategic investments in a diversified energy mix, thereby broadening the electricity grid and extending reliable power to rural communities and remote settlements. The Plan further underscores the imperative of equitable access, ensuring that all citizens benefit from adequate and affordable energy. It also pledges to reduce nationwide electricity costs by 50%, laying the foundation for inclusive growth and long-term climate resilience.” Mandeq Haji Elmi, Energy Sector Lead Advisor - OPM #BGS25 #SomaliaEnergy

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Ahead of the budget tomorrow, I took the opportunity in Treasury questions to ask the Chancellor if she’d consider using the £1.5bn windfall tax received from Octopus Energy to reinstate winter fuel allowance at a cost of £1.4bn for one year, giving the treasury time to find a more appropriate way of means testing winter fuel payments.

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The fuel price shock we're seeing now demonstrates just how risky our continued dependence on oil and gas is for British households. The govt must do all it can to bring down energy costs - decouple the price of electricity from gas and wean us off dirty volatile fossil fuels.

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A major gas field in the UK could supply over 10% of the UK's energy, but that gas isn't destined for the grid. The plan instead is to extract it on site, burn it in a local power plant, and use that electricity to mine bitcoin. The energy will be consumed at the source, because that route is simpler and more profitable. Taxes, regulation and grid constraints all add friction. The gas could power homes. It isn't. Because burning it on site makes more money. That is a damning indictment of UK energy policy.

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