Energy & Climate Intelligence Unit responds to the Budget

Responding to today's budget [1] Simon Cran-McGreehin, Head of Analysis at the Energy & Climate Intelligence Unit (ECIU), said, "The Energy Crisis Commission [2] concluded that the UK remains ‘dangerously underprepared' for another crisis because of its high dependence on gas, which in no small part relates to the poor efficiency of UK housing stock compared to many other countries.  

"Treasury will need to build on today's budget announcement at the spring comprehensive spending review if it is to shield the millions of homes that continue to face high bills and are still vulnerable to further prices spikes.

"Expanding the Boiler Upgrade Scheme will help more families switch from gas boilers to heat pumps that run on increasingly home-grown, renewable power.

Green hydrogen is an area where the UK could gain a competitive advantage, our heavy industry should welcome the new funding as a route away from fossil fuels and towards greater energy independence."

Notes to editors:
[1] Autumn Budget 2024: https://www.gov.uk/government/publications/autumn-budget-2024 

[2] Energy Crisis Commission: https://energycrisiscommission.uk/