Highest energy price cap in three years announced

Commenting on the rise in the energy price cap for the final three months of the year, announced today by Ofgem, Friends of the Earth energy campaigner, Danny Gross, said:

“Yet another painful rise in the price cap shows that our energy bills are still at the mercy of global fossil fuel markets. The Prime Minister’s VAT cut on electricity has been outweighed by soaring oil and gas prices due to the US and Israel's disastrous war on Iran.

“To take back control of our energy bills, we need to kick our dependence on expensive oil and gas. That means continuing to ramp up cheap, home-grown renewable energy and insulating our homes to keep them cooler in summer and warmer in winter.

“But people need help now too, particularly as this will hit those already struggling with the cost of living the hardest this winter. The government should cut energy bills straight away by moving the remaining electricity bill levies onto general taxation and introducing a social tariff for people living on the lowest incomes.”

ENDS