Cornwall Insight energy price cap forecast: comment

Commenting on Cornwall Insight's latest forecast for Ofgem's July price cap, [1] Jess Ralston, Head of Energy at the Energy and Climate Intelligence Unit (ECIU) said: "Bills going up again because of war thousands of miles away will be a tough pill to swallow for households still saddled with debt from last time. The British public are voting with their feet with interest in electric heat pumps, second-hand EVs and solar panels on the rise. The UK has already made huge strides towards renewables, but as the Energy Crisis Commission has warned, unless we continue that shift away from gas, whether it comes from the North Sea or not, the risk remains that bills will continue to spike." [2]

ENDS

Notes to editors:

1. Cornwall Insight: https://www.cornwall-insight.com/press-and-media/press-release/fall-in-wholesale-market-lowers-price-cap-forecasts-but-big-rises-still-expected-in-july/

2. Energy Crisis Commission: https://eciu.net/media/press-releases/energy-crisis-commission-month-of-war-in-the-middle-east-a-sobering-reminder-of-uks-vulnerability-to-energy-price-shocks

For more information or for interview requests:

George Smeeton, Head of Communications, ECIU, t: 020 8156 5305, m: 07894 571 153, email: george.smeeton@eciu.net