Britain invests in green energy - Nearly 2 billion pounds to increase energy efficiency
The UK will invest £1.8 billion to improve energy efficiency. According to the government decision, the methods that will be used are insulation, solar panels and heat pumps, to help households save money and curb emissions.
The government has made reducing energy bills one of its main goals and is also seeking to reduce emissions to meet the 2050 climate target.
High wholesale gas prices, however, mean the domestic energy price cap will rise for the third consecutive quarter in April and household energy debts have risen to almost £4 billion.
"At a time when many are experiencing high energy bills driven by the UK's dependence on international gas markets, this funding could now help households save hundreds of pounds a year," the Department for Energy Security said in a statement.
The fund will go to low-income families and tenants living in social housing. According to the government, around 170,000 homes in England will benefit from this decision.
"The funding fulfills the mission to make Britain a clean energy superpower, providing energy security and permanently reducing bills. The expected increase in the price cap shows once again the cost of dependence on volatile global fossil fuel markets," official sources stressed.
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