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BBCNEWS Breakfast June 4, 2024 06:07:00

Accused the government of wasting the last 12 months. he thinks there should be an government backed fund that the energy supplies can go to to subsidise people s bills. let s see how he explained it. br; see how he explained it. by launching a tariff deficit mechanism where launching a tariff deficit mechanism where we launching a tariff deficit mechanism where we lower the price of energy but we where we lower the price of energy but we do where we lower the price of energy but we do it for a certain number of units but we do it for a certain number of units per but we do it for a certain number of units per household in a lower price band, units per household in a lower price band. that units per household in a lower price band, that everybody gets access to, and over band, that everybody gets access to, and over and above that, consumers would and over and above that, consumers would pay and over and above that, consumers would pay the full price. what that would ....

Energy Supplies , Uk Energy , Deficit Mechanism , Price Band , Access To , Energy Savings , Income Households , Benefits Taxpayer ,

BBCNEWS World Business Report June 4, 2024 04:33:00

Enough? richer households are getting the same kind of relief as poorer households. what s the answer to that? so we ve been arguing and talking to government about this kind of tariff deficit mechanism so a way to artificially lower the price of energy for consumers to help shield them from the worse of the price rise. the challenge that we ve got is that we don t know how long this situation is going to last for it could be years of higher prices. and one of the ways we think this could be done most effectively is by launching a tariff deficit mechanism, where we lower the price of energy, but we do it for a certain number of units per household in a lower price band that everybody gets access to. and then over and above that, consumers will pay the full price. and what that would mean is that it would disproportionately benefit lower income households, but at the same time provide everybody with the incentive ....

Price Rise , Deficit Mechanism , Price Band ,

BBCNEWS BBC News June 4, 2024 10:11:00

The price of energy for consumers to help shield them from the worst of the price rise. the challenge that we ve got is that we don t know how long this situation is going to last for. it could be years of higher prices. and one of the ways we think this could be done most effectively is by launching a tariff deficit mechanism, where we lower the price of energy, but we do it for a certain number of units per household in a lower price band that everybody gets access to. and then over and above that, consumers will pay the full price. and what that would mean is that it would disproportionately benefit lower income households, but at the same time provide everybody with the incentive to find energy savings. it would cost less money to the taxpayer, and it would give more benefit to lower income households. ....

Uk Energy , Price Rise , Deficit Mechanism , Price Band , Energy Savings ,

BBCNEWS BBC News June 4, 2024 10:10:00

The first order of business. and if we don t use every available moment over the next 12 weeks to solve this, we are going to see a winter like never before with people going hungry, going cold, and the nhs being overwhelmed by the health impacts of the energy crisis this winter. there s almost nothing that we can do right now that s going to be in time for the 1st of october, when prices go up. but there are lots of changes that we can make short, medium and long term to the energy system to make it work better for customers. but we really need to get started straight away. are you in favour of this industry s solution of a big fund underwritten by government, which was dismissed by the current chancellor because it wasn t targeted enough? richer households are getting the same kind of relief as poorer households. what s the answer to that? so we ve been arguing and talking to government about this kind of tariff deficit mechanism, so a way to artificially lower ....

Energy Crisis , Health Impacts , 31st Of October , Energy System , Industry S Solution , Deficit Mechanism , It Wasn ,

BBCNEWS BBC News June 4, 2024 09:11:00

So we ve been arguing and talking to government about this kind of tariff deficit mechanism, so a way to artificially lower the price of energy for consumers to help shield them from the worst of the price rise. the challenge that we ve got is that we don t know how long this situation is going to last for. it could be years of higher prices. and one of the ways we think this could be done most effectively is by launching a tariff deficit mechanism, where we lower the price of energy, but we do it for a certain number of units per household in a lower price band that everybody gets access to. and then over and above that, consumers will pay the full price. and what that would mean is that it would disproportionately benefit lower income households, but at the same time provide everybody with the incentive to find energy savings. it would cost less money to the taxpayer, and it would give more benefit ....

Uk Energy , Deficit Mechanism , Price Rise , Price Band , Energy Savings ,