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22.12 - 18:47
Ministers under pressure to protect consumers from energy price crisis
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Energy bosses are dialling up the pressure on ministers to shield consumers from soaring gas and electricity bills, with calls on government to set up a multibillion pound scheme to help spread the cost to households over a number of years.
Amid warnings that energy bills could rise by 50% next year, triggering a “national crisis”, suppliers such as EDF have called on the Treasury to follow other European countries by cutting VAT and green levies to bring down bills.
One idea gaining traction within the industry, including at trade body Energy UK, involves a government-administered scheme to smooth the impact across multiple years, so that consumers aren’t hit all at once.
Under plans sketched out by energy suppliers, one or more commercial
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