Energy bills: How are Labour and Conservatives proposing to help households?
The IndependentSign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The government is offering fossil fuel giants tax relief on new North Sea projects In October, the government’s Energy Act also received royal assent, which the government says incentivises the energy industry to invest in low-carbon heat pumps, and includes powers to deliver a planned smart meter rollout by 2028, which ministers claim could save households £5.6bn. But it was also reported by Politico this week that the government is considering plans to raise household energy bills to help pay for a new £20bn nuclear energy plant in Suffolk, Sizewell C. Labour While energy policy has been a key plank of Labour’s offering in recent years, Sir Keir Starmer has drastically scaled down his party’s plans by ditching a policy of spending £28bn a year on environmental projects. The party’s plans to cut energy bills by giving 19 million people warmer homes in a decade could now take up to 14 years to achieve, Sir Keir said earlier this month – with Labour now promising to insulate only 5 million properties by 2030. Labour claims its plans would take hundreds of pounds off annual household energy bills, and would “rebuild Britain’s industrial strength by creating half a million new jobs.