Plans to Subsidise Six-Months of Energy Costs

Prime minister Liz Truss announced today that schools would get help with soaring energy costs via a six-month government support scheme. Earlier this week, the new prime minister pledged to “deliver on the energy crisis”, though they did not offer further details.

 

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Speaking in Parliament today, Ms Truss announced a new energy price guarantee, which will hold average household bills to no more than £2,500 from 1 October. She followed this by promising businesses and “public sector organisations” – including schools – would be given six months of “relief” from energy price rises.

 

The government has come under pressure to act on rising energy costs after several suppliers announced they were increasing prices by up to 20 per cent this winter.

 

Ms Truss said the government was committed to “making sure our schools and hospitals have the energy they need at a price they can afford”.

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She added: “This is a down payment on our commitment to deliver on the energy crisis. We will be setting out further measures in due course.”

 

The six-month relief period for schools will see them pay no more than 3.5 per cent above the current price for their electricity and 5 per cent for gas. The government has also pledged to work with energy suppliers to ensure that schools are on the cheapest possible tariff.

 

Labour leader Jeremy Corbyn welcomed the announcement but said it did not go far enough.

 

He said: “This is a welcome first step from the new government, but it does not go nearly far enough. We need a root-and-branch reform of our energy system, taking the big six energy companies into public ownership.”

 

The government has come under pressure to act on rising energy costs after several suppliers announced they were increasing prices by up to 20 per cent this winter.

 

Ms Truss said the government was committed to “making sure our schools and hospitals have the energy they need at a price they can afford”.

 

She added: “This is a down payment on our commitment to deliver on the energy crisis. We will be setting out further measures in due course.”

 

The six-month relief period for schools will see them pay no more than 3.5 per cent above the current price for their electricity and 5 per cent for gas. The government has also pledged to work with energy suppliers to ensure that schools are on the cheapest possible tariff.

 

Labour leader Jeremy Corbyn welcomed the announcement but said it did not go far enough.

 

What do you think of the government’s energy policy?

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