Homes to be made energy efficient

Published:
10 September 2008
Topic:
News,Gas & Electricity

Millions of householders are to be offered an amended fuel poverty package from the Government after having the hope of a windfall tax on energy company profits snatched away.

More than 10 million homes are expected to get help buying loft insulation, new boilers, double glazing and finding the best energy tariffs in a bid to cut fuel bills.

It is understood that the energy companies will also make increased contributions to the Government's carbon emissions reduction targets scheme.

The move comes after trade unions and campaigners called for a windfall tax on the energy companies' profits.

But Chancellor Alistair Darling cautioned against a windfall tax, saying that the Government's ambitions to invest in green energy and alternatives to oil and gas depended on "continuous investment over many years" from the power companies.

He said: "We have to strike a balance between long-term investment and helping people, particularly people really feeling the squeeze as a result of gas and electricity prices."

Copyright © PA Business 2008

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