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Business

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Finance

UK households face rush to find green energy installer to beat April VAT hike

Ministers pushed to reverse ‘policy madness’ of scrapping exemption on 5% tax rise for heat pumps, solar panels and batteries Households planning to invest in green energy upgrades, including heat pumps and solar panels, risk a nationwide rush to find an installer or face hundreds of pounds in unexpected costs unless the government abandons its looming VAT increase. Ministers are under growing pressure to reverse plans to scrap the 5% VAT exemption on home heat pumps, solar panels and batteries from 1 April which could add up to £1,530 on to the cost of a smart home energy system amid record d

The Guardian
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Finance

Rare call for more electricity supplies as wind power drops across Europe

Neso issued ‘electricity margin notice’ for gas power plants in Britain to fire up and boost generation this morning amid energy shortfall The government body tasked with keeping the lights on issued a rare call for more electricity supplies on Monday morning due to low wind power generation forecasts across Europe. A notice issued by the National Energy System Operator (Neso) on Sunday night said it faced a “shortfall” of almost 1,400 megawatts in its electricity supply margins from 6am until 11am on Monday. Continue reading...

The Guardian
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