At the close of one of the hardest winters on record, the Chancellor’s 2023 Spring Budget extended short-term support for energy costs without seizing the opportunity to tackle their root cause.

The main headline of the Budget was the widely expected decision to maintain the Energy Price Guarantee (EPG) at £2,500, which places a limit on the price households pay per unit of gas and electricity, until 1 July. The EPG will continue to provide a welcome and necessary level of protection, preventing the trickle down of high wholesale prices in the gas and electricity markets to households and families.