"While there is still more to do, we are seeing signs of a healthier market. There are more people on fixed tariffs saving themselves money, switching is rising as options for consumers increase, and we've seen increases in customer satisfaction, alongside a reduction in complaints. While today's change is below inflation, we know customers might not be feeling it in their pockets."
"We know that any price rise is a concern for families. Wholesale gas prices remain 75% above their levels before Russia invaded Ukraine. That is the fossil fuel penalty being paid by families, businesses and our economy. That is why the only answer for Britain is this government's mission to get us off the rollercoaster of fossil fuel prices and onto clean, homegrown power we control, to bring down bills for good."
"Today's announcement means the price cap will remain drastically higher than before the energy crisis. With millions of households already in debt as the colder months draw in, this news offers no comfort. The Government has made welcome changes to expand the number of people who'll receive support with their energy bills this winter, but i"
The energy price cap has been raised to £1,755, an increase of £35 from the current level, pushing many household bills much higher this winter. More than a third of customers on fixed tariffs remain protected from the change. Ofgem reports signs of a healthier market, with increased switching, more customers on fixed deals, higher satisfaction and fewer complaints, though consumers may still feel the impact. Wholesale gas prices are about 75% higher than before Russia's invasion of Ukraine. The government plans expanded support, including a £150 warm home discount for 2.7 million more households and energy-system changes to increase protections.
Read at London Business News | Londonlovesbusiness.com
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