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Energy UK statement in response to Ofgem announcement on PPM cap increase

Energy UK has responded to the Ofgem announcement on PPM cap increase with Lawrence Slade, chief executive of Energy UK, said:

"It is right that there is support for the most vulnerable who may be less able to benefit from what is a highly competitive market, and energy companies are also taking steps to do more to protect their customers in vulnerable circumstances.

“That the cap will rise from April does show how energy costs, which are out of any suppliers direct control, are increasing and underlines why it is critical any broader cap must be cost-reflective and protect competition which is delivering benefits for consumers.”

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