The Prime Minister announced the removal of VAT from household electricity bills less than twenty-four hours after entering Number 10. Framed as part of efforts to address the cost of living, this decision highlights a shift in emphasis in the Government’s approach to energy policy, with a focus on reducing cost.
What the Government’s VAT Removal Means for Electricity Bills Read More »
On 20 July, the application window for Allocation Round 8 (AR8) opened, the third renewable auction under a Labour Government, which will have a critical role in realising its energy policy ambitions. The opening coincided with Miatta Fahnbulleh MP’s appointment as the new Secretary of State for the Department of Energy Security and Net Zero (DESNZ).
What does Miatta Fahnbulleh MP need from Allocation Round 8? Read More »
The outgoing Prime Minister has confirmed that funding the Defence Investment Plan (DIP) will require capital projects in roads and energy to be scrapped. On top of the 1% reduction in capital budgets that all Departments must find to fund the DIP, DESNZ will be tasked with finding a further £2bn savings over four years. For DESNZ this means a £100m capital budget reduction this calendar year, £600m in 2027/28, £700m in 2028/29, and £600m in 2029/30. This article explores where these savings might come and potential impact on DESNZ commitments.
DIP-ping into the DESNZ budget Read More »