Parliamentary group advocates 'energy rationing' - Low Carbon Economy

Radical new proposals which would see consumers given credits determining how much energy they could use have been laid out by a government group.

The All Party Parliamentary Group on Peak Oil commissioned a new report suggesting the introduction of Tradable Energy Quotas (TEQs), where credits are issued free to all adults, would "ensure fair and equal entitlements to fuel and energy".

Any surplus TEQs could be bought and sold by individuals, meaning there would be no maximum limit placed on the number of credits a person could own, while the government and businesses would bid for their credits at a weekly tender.