Energy UK statement on energy prices
In light of the increased focus on energy companies and the energy market, Energy UK has subsequently issued the statement below.
Lawrence Slade, chief executive of Energy UK said:
“With more people than ever switching last year, and with over 40 suppliers active in the market, it is in the industry’s interest to keep prices competitive to attract and retain customers.
“The impact of wholesale prices, which have been increasing for several months, will vary by energy company according to how and when they buy their energy.
“It’s right that we invest in renewing our energy infrastructure, which will ultimately benefit consumers and create a low carbon economy. As reported in Ofgem’s recent Supplier Costs Index, this is increasing cost pressures."