Comment on Ofgem changes to price cap

"Rocketing global gas prices already look set to force families bills up by over £2000 this year and are the underlying cause of suppliers going bust. Updating the price cap quarterly will help energy companies pass on their increased costs more quickly, Ofgem hope reducing the chances of more supplier failures which have cost consumers about £100 to date, but it's not an answer to surging gas bills and in the short term may mean that bills seemingly go up more often.

“The most logical and quickest way to lower our bills is to accelerate net zero policies like insulating our leaky homes and building out more renewables so we are shielded from the interference of Putin's actions. However, time is ticking for Government to act before winter weather really starts to bite, as fuel poverty experts are clear that the current package won't be enough to help those already at breaking point."