doctor lowry. so your concern about the months ahead, many are campaigning and the government has talked of monday in the run up to the price ending at the end of march. we have seen ending at the end of march. - have seen indications of a number of discussions relating to potential support mechanisms or mechanisms intended to alleviate the potential increase in domestic customer bills from april this year in particular under the default tariff. the current indication that we have is that the cap will increase by approximately 50% to around £1900 per year from april and then, based upon where the market is on this point of time, potentially increase to well in advance of £2000 per year next winter. energy companies are proposing
bought in. doctor craig lowry, thank you for bought in. doctor craig lowry, thank you for your bought in. doctor craig lowry, thank you for your insight - bought in. doctor craig lowry, thank you for your insight on | thank you for your insight on that and, needless to say, we are keeping a close eye on discussions between the government and energy industry leaders and we will update you if we have further news. now, let s focus on the world s largest economy in the multiple headwinds it faces this year. despite bouncing back in 2021, growth in the us economy may be tempered by inflation, supply chain disruptions, 0micron threats and federal reserve tightening. 0ur north america business correspondent michelle fleury has more. the us economy defied expect patients in 2021. helicopter money from the us government and support from the central bank helped to set the stage for a dizzying recovery from the deepest downturn since the great depression. corporations enjoyed fat profits. the
difference the key is, if the mechanism comes in, what is the level of the preagreed price, how is it said and how frequently it changes. [30 how is it said and how frequently it changes. do you think that frequently it changes. do you think that is frequently it changes. do you think that is a frequently it changes. do you think that is a viable - frequently it changes. do you think that is a viable solution | think that is a viable solution to this problem that we are experiencing currently? wholesale market intervention of this kind has not been seen in the post privatisation era of the uk energy market. if anything it has parallels with some of the approaches we saw under nationalisation. the challenge that we would have with such a mechanism is that, effectively, that policy would risk blunting the trade wholesale price as a signal for investment in the energy sector. at a time when high levels of spending on energy and energy infrastructure are needed to help enable or faci
how that interacts with the growth in renewable generation assets. it is about looking at how short term issues relating to the cap and the ramifications can be addressed, but keeping one eye very clearly on the wider net zero agenda and that 2050 target that the government is committed to. target that the government is committed to. . , ., ., , ., committed to. finally, craig, do you have any advice committed to. finally, craig, do you have any advice for committed to. finally, craig, do you have any advice for consumers - committed to. finally, craig, do you have any advice for consumers in - have any advice for consumers in this situation? i have any advice for consumers in this situation? this situation? i think at this oint in this situation? i think at this point in time this situation? i think at this point in time it this situation? i think at this point in time it is this situation? i think at this point in time it is very - this situation? i think at this point in