Comment on Cornwall Insight energy price cap forecast

Commenting on Cornwall Insight’s final forecast for the April price cap [1], Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said: "Bills falling in the coming months will be a relief to many struggling households, but unfortunately we may not be out of the woods yet. Bills are still hundreds of pounds higher than pre-crisis, and we're just as vulnerable to future gas price shocks because we haven't made much progress in switching away from gas to get our energy independence.

"The OBR has said that future crises every 10 years could add the equivalent of 13% of GDP to our level of debt, so it might be an idea to fix the roof - in this case insulating homes and building out renewables - while the sun is shining, but the government failed to get any offshore wind bids in the last renewables auction, and energy efficiency schemes are flatlining."

ENDS

Notes to editors:

1. Cornwall Insight’s final forecast for the April price cap: https://www.cornwall-insight.c...

For more information or for interview requests:

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