Treasury
Under proposed government plans, households in close proximity to new pylons and substations could receive a £1,000 annual reduction in their energy bills for ten years
Think tanks advocate for a ‘Rebate to Renovate’ scheme, offering a stamp duty rebate to incentivise homeowners to enhance the energy efficiency of their properties
Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures
The UK’s budget watchdog has highlighted the need for decisive action to mitigate reliance on carbon-intensive sources
Government data reveals that the scheme failed to meet its target, providing only half of the planned 30,000 grants in England and Wales
The move seeks to drum up more investment in the sector to improve domestic energy resilience
The government has confirmed it will offer less help with business energy bills – the new scheme provides a discount on energy bills until March 2024
The new package, due to be revealed later this week, will reportedly cost £5 billion
The Treasury is reportedly reviewing the government spending on projects such as roads, rail and schools
Research claims the Treasury could break even if it invests in insulating rooves and walls this winter