Source · Select Committees · Energy Security and Net Zero Committee
Recommendation 16
16
The costs of the transition are not currently falling fairly.
Conclusion
The costs of the transition are not currently falling fairly. Policy costs recovered through electricity bills are regressive, taking a larger share of income from poorer households. Those in poorly insulated or privately rented homes are least able to act and most exposed to high prices, yet they are the people who stand to gain most from cheaper clean power and warmer homes. A transition whose upfront costs fall on those least able to pay, while its benefits accrue first to those who can afford a heat pump or an electric vehicle, will not command public support and does not deserve to. (Conclusion, Paragraph 54)