Energy Crisis: Kwasi Sent Dreadful Warning Over ‘UK System Clogs EU System’ As Bills Soar | Sciences | News
Sir John Redwood, MP for Wokingham, appeared to warn Mr Kwarteng against over-reliance on imported gas and domestic wind power. He believed this would lead to a shortage of both gas and renewable energy sources, which in turn would lead to higher energy bills.
He said: “The Business Secretary needs to understand that chaining the UK to a European energy system that is gas-starved and reliable in electricity will lead to high prices and shortages.
“It’s time to expand the national gas supply and put in place more systems that don’t need to blow the wind. “
It comes as the business secretary is scheduled to hold virtual meetings with energy suppliers on Monday, who are pressuring the government to step in to mitigate unprecedented increases in consumer energy bills caused by soaring energy bills. wholesale gas prices.
Energy industry is pushing government to eliminate five percent VAT on bills imposed when UK was part of the European Union
Energy costs could climb up to 50% in the spring due to higher wholesale prices, the Energy UK trade organization said.
These skyrocketing energy prices constitute a “national crisis” that could prevent millions of people from obtaining basic heating, warned ministers by heads of power.
Adam Scorer, chief executive of National Energy Action, said soaring bills would be a “hammer blow” for vulnerable households.
Mr Scorer said: “Energy prices are a cataclysm that is rushing towards us. They will be a hammer blow to the most vulnerable households.
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The current price caps on energy bills prevent companies from immediately passing on the costs of higher wholesale electricity prices to their customers.
The price cap set by officials at industry regulator Ofgem hit a record high of £ 1,277 since 1 October.
It is expected to change on April 1, when the Watchdog is expected to significantly raise the cap, which in turn will lead to higher bills for people.
Alex Belsham-Harris, Senior Policy Officer at Citizens Advice, said: “Our advisers are already seeing people facing the desperate choice between heat and power, and with energy bills set to soar this year. next, this problem is only getting worse.
“Right now, energy price caps provide much needed protection for households against soaring energy bills. It is also saving time for the government to put in place measures to limit the financial pain of rising bills. “