Comment on energy price cap

ECIU's Senior Analyst Jess Ralston on Ofgem's October price cap

By Tricia Curmi

info@eciu.net

Information on this page correct as of:

Responding to comments by the chief executive of Ofgem, Jonathan Brearley, who told MPs today that the price cap on household energy bills is likely to rise to about £2,800 in October [1], Jess Ralston, Senior Analyst at the Energy and Climate Intelligence Unit (ECIU) said:

"Insulation is the only way to permanently bring down bills and could start to make a difference for struggling families ahead of this winter.

“Treasury’s objection to greater investment is going to look even more tone-deaf given bills are now set to leap so much higher in October. The gas crisis clearly isn’t going away and prioritising insulating both the country and our homes from volatile gas prices and Putin’s interference seems even more urgent than ever."



Notes to editors:

  1. Energy bills likely to rise by £800 in October, says Ofgem chief: https://www.theguardian.com/business/2022/may/24/energy-bills-likely-to-rise-by-800-in-october-says-ofgem-chief

For more information:

George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: george.smeeton@eciu.net