Jonathan Brearley, chief executive of Ofgem, stated: 'We know that this rise in the price cap is going to be extremely difficult for many households. Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and contact their energy company for further help and support.' He emphasized the need for households to seek assistance as energy prices rise significantly.
Nick Landon, Royal Mail's chief commercial officer, explained: 'We always consider price increases very carefully. However, when letter volumes have declined by two-thirds since their peak, the cost of delivering each letter inevitably increases. A complex and extensive network is needed to get every letter and parcel across the country for a single price.' He added that rising costs necessitate adjustments.
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