KPMG responds to the energy measures

“The Government has sought to limit exposure to record high energy prices by increasing the level it sets the energy price guarantee at to £3,000 for a typical household bill from April 2023 and aiming to cap that support for high users. Business will be particularly keen to hear the details of what criteria will apply post-April 2023, as there was little in today’s announcement to provide them with any reassurance.

“Many European countries have already reduced energy demand significantly ahead of this winter through a big push on energy efficiency. The belated but welcome first step made by the Government today on energy efficiency now needs to be the start of a sustained drive over the next few years, in order to reduce bills permanently, improve energy security and lower carbon emissions.”

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For further information please contact:

KPMG Media Relations

Claire Barratt

Mobile: +44 (0)7923 439264

claire.barratt@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 15,300 partners and staff.  The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.