Back to today’s briefing

Story perspectives

Essential Energy Guarantee Saves Low-Income, £5bn Clawback

6/8/2026

46 5 Full Breakdown

Summary

Story summary

Liberal Democrat spokesperson Cooper announced the Essential Energy Guarantee for low-income families.
The plan orders Ofgem to claw back £5 billion in windfall profits by 2028 and should save households £100 a year, £140 for the poorest 20 %.
The energy price cap will rise on 1 July as wholesale oil and gas prices increase after the war in Iran, while Conservatives, Reform UK and Green Party call for VAT and levy removals.

1 of 1

Story summary

Liberal Democrat spokesperson Cooper announced the Essential Energy Guarantee for low-income families.
The plan orders Ofgem to claw back £5 billion in windfall profits by 2028 and should save households £100 a year, £140 for the poorest 20 %.
The energy price cap will rise on 1 July as wholesale oil and gas prices increase after the war in Iran, while Conservatives, Reform UK and Green Party call for VAT and levy removals.