As today’s energy price increases hit, alongside rises in water, council tax and other services, Energy UK has said the lack of home grown energy is the root cause.
“The price cap rise is driven by an increase in how much we pay for energy on the wholesale market – again demonstrating that the country’s reliance on gas for heating and electricity generation leaves us exposed to global events,” said Energy UK’s chief executive Dhara Vyas.
“Today’s price cap rise is clearly unwelcome news when many are still struggling with bills and customer debt is approaching a record £4 billion – in addition to the other cost increases households are facing.
“Investing in a clean power system and increasing electrification is the only way to permanently deliver both energy security and stable, affordable bills in the long term.
“Right now it’s vital the Government prioritises this and takes action to reduce energy bills through measures like removing policy costs from electricity bills, providing targeted support for customers in fuel poverty and maximising the potential of flexibility in homes.”
The price cap means bills on a standard variable tarrif will be rising on average by more than £100 per month to around £1849 for a typical household.
