More than half of the world’s population lives under an energy system that its advocates say can tackle fuel poverty, improve crumbling housing stock and reduce energy demand. And to cap it off – when properly designed – it would not cost the taxpayer anything.
The so-called rising block tariff or national energy guarantee system (NEG) are almost unknown in Europe but operate successfully in many other countries and regions – from Japan, South Korea and China to Bangladesh, India and California.
That’s a pretty sensible idea. Whilst reading the article I thought, “why the fuck don’t we do this already?”.
There’s a fair challenge about half way through where it says that poor (and large) families that rip through the free / cheap block due to their size will end up paying higher rates. Conversely a single mid twenties social media influencer higher earner could end up paying nothing - not the trade off we want 😉.
However those are smaller implementation details that need not completely squash this idea. I’d definitely like to see this spoken about more by the government.