​The Budget was a missed opportunity to increase energy efficiency of homes

Matthew Scott CIH 2

Investment in retrofit boosts the economy, helps net zero, drives upskilling, reduces NHS burdens and helps residents. The chancellor has missed a trick by only focusing on the short-term, writes Matthew Scott

At the close of one of the hardest winters on record, the Chancellor’s 2023 Spring Budget extended short-term support for energy costs without seizing the opportunity to tackle their root cause.

The main headline of the Budget was the widely expected decision to maintain the Energy Price Guarantee (EPG) at £2,500, which places a limit on the price households pay per unit of gas and electricity, until 1 July. The EPG will continue to provide a welcome and necessary level of protection, preventing the trickle down of high wholesale prices in the gas and electricity markets to households and families.

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