The voice of the energy industry

Energy UK's response to Opposition announcement

In response to the Opposition announcement about bringing in new powers to cut energy bills and freeze prices until 2017, Lawrence Slade, chief executive said: 

“The energy industry fully supports a strong regulator; but no new powers are needed as we have seen competitive pressure from over 26 suppliers, now active in the market, driving down prices. Competition is at an all-time high; new deals for customers are over £100 cheaper than this time last year. There are many elements to a bill and wholesale costs are just a part of it. The best way for people to save money on their energy bills is to do what 317,000 did in February - switch.”

Read the full Opposition press release on their website.

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