Energy policy should protect the present and fund the future

Short-term relief for the energy crisis must be combined with long-term investments in the future energy system, writes the ADE's Jonny Bairstow Last week, the new Chancellor of the Exchequer, Kwasi Kwarteng, announced a package of fiscal measures aimed at tackling the energy price crisis and boosting the economy. Energy was front and centre, reflecting growing public anxiety about rising bills and the need to combine long-term infrastructure investment with short-term support as winter approaches.In the package, Kwarteng provided an extra £1bn for energy efficiency over three years, in addition to a disappointing reiteration of £2.1bn already pledged. While the new funding is undoubtedly welcome, household bills still remain significantly higher than before the gas crisis - clearly, more needs to be done...Continue reading...