Energy Secretary comment on Ofgem announcement

Please see below for a comment from the Business and Energy Secretary on the announcement made by Ofgem this morning on the energy price cap.

If you haven’t seen it, their announcement is viewable here: https://www.ofgem.gov.uk/publications-and-updates/ofgem-proposes-price-cap-give-11-million-customers-fairer-deal-their-energy

Business and Energy Secretary Greg Clark said:

“We have always been clear and determined that the injustice found by the CMA that loyal customers were being exploited must end. This Government is delivering on its promise to end that injustice and protect households across the country from unjustified price rises.

“Today’s announcement from the independent regulator setting out the detail of the Government’s price cap will mean that households can have confidence that when energy costs fall their bills will too.”