The voice of the energy industry

Energy UK responds to price cap announcement

Responding to Ofgem’s latest price cap announcement, Energy UK’s Director of Policy Audrey Gallacher said: 

“The vast majority of a typical energy bill is made up of costs that are outside of an energy company’s direct control, with wholesale costs accounting for the biggest proportion.  Today’s announcement reflects that there’s been a fall in wholesale costs since Ofgem last set the cap level.

“It remains a challenging environment for suppliers of all sizes but a competitive market means that customers can benefit from increased choice and good deals - either by contacting their own supplier or joining the near half a million customers that switch provider every month. Also, to deliver net-zero emissions by 2050, we must increase the energy efficiency of our homes which will save customers potentially hundreds of pounds by using less energy.”

 

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