The headlines have obviously been the announcement of the energy cap figures for October 2022 by Ofgem. On 26 August 2022, Ofgem has announced the energy price cap will increase to £3,549 per year for dual fuel for an average household from 1 October 2022.
Ofgem’s CEO has warned of the hardship energy prices will cause this winter and has urged the incoming Prime Minister and new cabinet to provide an additional and urgent response to continued surging energy prices.
Jonathan Brearley, CEO of Ofgem, said:
“The Government support package is delivering help right now, but it’s clear the new Prime Minister will need to act further to tackle the impact of the price rises that are coming in October and next year. We are working with ministers, consumer groups and industry on a set of options for the incoming Prime Minister that will require urgent action. The response will need to match the scale of the crisis we have before us. With the right support in place and with r...
In order to access this content a ROAR Insight: Demsa option is required.
Join or add this to your existing account here.