The New Economics Foundation (NEF) has proposed a plan to provide subsidised energy to households across the UK to mitigate the impact of rising energy costs. Under this scheme, every home would receive a guaranteed allocation of electricity and gas, sufficient to heat two rooms and power essential appliances, with prices capped at current levels. This initiative could be financed through a £4.5 billion subsidy, which aligns with anticipated windfall tax receipts from North Sea oil and gas companies benefiting from high global prices. The NEF estimates that this plan could reduce annual energy bills by over £160 on average, with lower-income families seeing savings of approximately 17% and wealthier households benefiting by around 11%. Alex Chapman, a senior economist at NEF, emphasized the need for government intervention to prevent excessive profits from energy companies while ensuring that households can meet their essential energy needs. The proposal comes as the energy price cap, set by the Office of Gas and Electricity Markets (Ofgem), is expected to rise by 14% in July, potentially adding more than £230 to annual bills. NEF also advocates for targeted assistance for businesses affected by soaring oil and gas costs due to the ongoing conflict in Iran.