Energy UK responds to the Prime Minister’s statement on energy

In response to the Prime Minister’s announcement on energy, Energy UK’s Director of Advocacy, Dhara Vyas said:

“Energy UK has been calling for intervention to match the scale of this crisis so we very much welcome the Prime Minister’s announcement and immediate focus on energy.

“We hope it will help ease the worries customers were facing about the winter. We shouldn’t forget though that that many households are already struggling with the bill rises so far, and wider cost of living challenges, and suppliers continue to do all they can to provide extra support to those that need it most.

“It’s also good to see much-needed measures put in place to help business and other non-domestic customers who have also been facing huge concerns over their energy costs, as we have been highlighting.

“Our members will now be working closely with Government on the details of the scheme in order to implement the new price cap level as quickly as possible and communicate it to their customers. Wholesale gas prices are likely to remain high for some time so we need to be prepared for this support to be in place over the next year, and there needs to be a clear exit strategy from Government.

“This means focusing on what we can do to bring the cost of energy down for customers over the longer term, and the best way to do this is by expanding our sources of clean, domestic power like wind and solar – as the quickest and proven route to energy security and lower bills – and by making our homes and buildings energy efficient. This must be accompanied with reform to create a market that allow consumers to benefit fully from the low cost of clean generation.”