Head of Economics Connor MacDonald joins Senior Research Fellow in Energy Alex Simakov to discuss why the Government has changed its policy on the Energy Price Guarantee. They look at why the Energy Price Guarantee was such a potential problem, what Government could do instead, and why Policy Exchange’s plan for targeted relief, the Tiered Energy Relief Scheme, offers a blueprint for a support mechanism that subsidises demand but also leaves households who consume a large amount of energy exposed to the price mechanism.