Responding to Ofgem’s latest price cap announcement, Energy UK’s interim Chief Executive, Audrey Gallacher, said:
“The vast majority of a typical energy bill is made up of costs that are outside of an energy company’s direct control, with wholesale costs accounting for the biggest proportion. Today’s announcement reflects that there has been another fall in wholesale costs since Ofgem last set the cap level.
“The most effective way to lower customer bills for the longer term is through energy-efficiency, which saves both energy and money while also helping the environment. Therefore we hope to see measures in the forthcoming Budget for a government-funded National Energy Efficiency Programme which we have long called for.”