Public Support for UK Green Policies Remains Strong Despite Rising Energy Price Cap

Government Green Policies

The public remains supportive of the UK government's green policies, even as the energy price cap is expected to rise. This support is evident despite the potential increase in energy costs.

Energy and Climate Intelligence Unit (ECIU) Poll

According to a YouGov poll conducted for the ECIU, the public is in favor of the government's green policies. Key measures of success include increased UK energy independence (44%) and lower energy bills (42%).

Labour Government's Policies

The newly elected Labour government has overturned the de facto ban on onshore wind developments in England, garnering public support and indicating a strong backing for clean energy initiatives.

Energy Price Cap

Predicted Rise

The energy price cap for October to December is set to rise by 10% to £1,717 for a typical household. This increase follows consecutive decreases in the previous two price cap announcements.

Previous Decreases

The price cap was set at £1,690 for Q2 2024 and decreased further to £1,568 in May. The new cap is also 6% (£117) cheaper compared to the same period last year (£1,834).

Cornwall Insight's Prediction

Cornwall Insight predicted the energy price cap would increase to £1,714 per year for the average household on a dual fuel tariff. The consultancy group attributed the rise to increasing wholesale market prices since early August and ongoing market sensitivity to global events.

Global Volatility

The UK's reliance on imported energy makes it susceptible to global volatility. The energy market has not fully recovered from the crisis caused by Russia's invasion of Ukraine, which continues to contribute to rising energy bills.

Government Response

Dr. Craig Lowrey, principal consultant at Cornwall Insight, suggests a "two-pronged approach" to tackle rising energy bills, emphasizing the need for increased domestic energy production.

Public Awareness and Support

Awareness of State-Owned Energy Company

Despite the predicted increase in the energy price cap, there is high awareness and support for plans to establish the state-owned Great British Energy Company, indicating public engagement with clean energy initiatives.

General Public Concerns

While 61% of respondents did not expect the government's policies to lower bills, the public remains supportive of the overall direction of green policies. This suggests that the public is willing to accept short-term increases in energy costs for long-term benefits and a more sustainable energy future.

Conclusion

Despite the predicted rise in the energy price cap, public support for the UK government's green policies remains strong. This support is driven by a desire for increased energy independence, lower energy bills, and commitment to clean energy initiatives. The ongoing public engagement indicates strong backing for the government's efforts to transition to a decarbonized and digitized economy.