Beyond the Energy Price Guarantee. With or Without?

Thiemo Fetzer

No 36, National Institute of Economic and Social Research (NIESR) Policy Papers from National Institute of Economic and Social Research

Abstract: In response to the energy crisis amidst a wider cost of living crisis (see Harari et al, 2022), the UK government put in place the Energy Price Guarantee (EPG) on 8 Sept 2022, which caps the unit price of energy for all consumers. This policy is now, following a statement by the new Chancellor Jeremy Hunt on 17 Oct 2022, due to remain in place until April 2023 after which new longer-term policies for supporting consumers will be considered. In advance of the Medium-Term Fiscal Plan, set for 31 October, this briefing outlines the main shortcomings of the EPG and proposes alternative measures to address these issues.

Date: 2022-10
New Economics Papers: this item is included in nep-ene and nep-reg
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