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Beyond the Energy Price Guarantee. With or Without?

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  • Thiemo Fetzer

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.

Suggested Citation

  • Thiemo Fetzer, 2022. "Beyond the Energy Price Guarantee. With or Without?," National Institute of Economic and Social Research (NIESR) Policy Papers 36, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrp:36
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2022/10/PP36-Beyond-the-Energy-Price-Guarantee.pdf?ver=p9SXJBdz6aAsr8VFTI1T
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    References listed on IDEAS

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    1. Fetzer, Thiemo & Gazze, Ludovica & Bishop, Meena, 2022. "How large is the energy savings potential in the UK?," The Warwick Economics Research Paper Series (TWERPS) 1437, University of Warwick, Department of Economics.
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