Energy bills set to rise under 'buy British' electricity plan
The UK government's 'buy British' policy for power network upgrades may increase household energy bills in the short term. Additionally, the article reports on concerns regarding the well-being and isolation of explorer Sir Ranulph Fiennes.
Why it matters
The policy highlights the economic trade-offs of protectionist industrial strategies, while the personal news regarding Fiennes raises questions about elder care and privacy.
Ofgem, the energy regulator, has been told to give more weight to UK jobs and maunfacturing
Andy Burnham is set to announce plans to bring down energy costs by introducing greater public control in the system (Photo: Stefan Rousseau/PA) Caroline Wheeler Political Editor close Cancel email X WhatsApp Facebook link share Share bookmark Save Andy Burnham’s drive to “buy British” when upgrading the power network that supplies every home could push up household energy bills , ministers have admitted.
UK businesses are set to be prioritised for work on the multi-million pound upgrade under guidance laid before Parliament this month.
“The Government recognises that this may come with a short-term cost trade-off,” the policy document concedes.
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