Overview
- NEF, which published its plan Thursday, sets a basic allowance priced at today’s cap to cover hot water, two heated rooms, and core appliances.
- The think tank puts the cost at about £4.5 billion and says higher tax receipts from North Sea oil and gas profits could pay for it.
- Usage above the allowance would be charged at market rates, with NEF estimating average household savings of £163 and a 17% bill cut for the poorest families.
- The proposal lands as energy markets swing following a tentative Iran ceasefire announced by President Trump, with oil prices still elevated and bills under strain.
- NEF is a left-leaning, donation-funded group, while energy firms argue recent profits reflect market conditions and help fund infrastructure and low‑carbon investment.