A "massive" insulation drive needs to be launched urgently, in order to bring down the cost of energy bills and support low-income households, said the UK Business, Energy and Industrial Strategy Committee.
MPs that form part of this select committee have described the government's current energy bill support scheme as "outdated" and accused energy regulator Ofgem of being “negligent” in its response to the rise in energy prices.
“Once again, the energy crisis is racing ahead of the government,” said Darren Jones, the chair of the committee. “To prevent millions from dropping into unmanageable debt, it’s imperative that the support package is updated and implemented before October, when the squeeze will become a full-on throttling of household finances and further tip the economy towards recession.”
As part of their suggestions, MPs asked ministers to consider abandoning the energy price cap in favour of discounted energy bills...