Figure 1 – Comparing the distributional impact of other proposals
Figure 2 – There is more variation in energy bills within income deciles than between them
Figure 3 – Targeting support on larger households and less-efficient properties reduces “rough justice”
Figure 4 – Our proposals compensate poorer households for higher energy bills at a lower fiscal cost
Figure 5 – Annual Exchequer costs at different price levels and support levels
Figure 6 – Cost drivers for the energy price cap
- ^ https://www.nao.org.uk/overviews/covid-19-cost-tracker/
- ^ https://www.nesta.org.uk/press-release/covid-style-government-response-needed-to-prevent-gas-shortages-and-help-households-in-cost-of-living-crisis/
- ^ https://institute.global/policy/three-birds-one-stone-how-greener-homes-can-solve-energy-trilemma
- ^ Bloomberg UK - https://www.bloomberg.com/news/articles/2022-08-30/uk-predicts-up-to-170-billion-excess-profits-for-energy-firms#xj4y7vzkg
- ^ CfD results are baselined in 2012 prices. Successful offshore wind capacity from the latest allocation round came in at £37.35 in 2012 prices. We have converted to 2022 prices.
- ^ https://xlinks.co/morocco-uk-power-project/
- ^ Based on achieving potential deployment set out by Secretary of State for BEIS ahead of the British Energy Security Strategy of 50GW offshore wind, 30GW of onshore wind and 50GW of solar by 2030.