Event recording
The opinions expressed in this event recording are those of the speaker. For more information, view our full statement on external contributors.
The UK must take action on the current energy bill system to fix the unfair levy system and offer a clear route to cheap energy. By rebalancing levies, we can accelerate the decarbonisation of home heating, support fuel-poor households with electrical heating and assist all households in the transition away from gas with its volatile prices.
Nesta’s sustainable future mission analysed the tradeoffs between different approaches to rebalancing levies and shared policy recommendations on how to make changes fairly in a new report.
On Thursday 5 June, we shared our recommendations on levy reform from policy experts and industry leaders across sectors.
Making sure that clean energy is affordable and combating fuel poverty is central to Nesta’s sustainable future mission. We designed a robust, logical and palatable model to provide a route to consensus on how this Government can make the decarbonisation of the average UK household a reality as we wait for Parliament to approve the Seventh Carbon Budget.
The event’s chair, Ravi Gurumurthy, Group CEO at Nesta and BIT, was joined by Marcus Shepheard, policy manager for Nesta’s sustainable future mission, who shared Nesta’s recommendation on rebalancing levies, Gillian Cooper, Director of Energy at Citizens Advice, Emma Pinchbeck, CEO at Climate Change Committee, and Adam Berman, Director of Policy and Advocacy at Energy UK.
The event was then followed by a networking drinks reception. This in person event was for policymakers, energy sector experts and those who specialise in consumer advice.