MP, Labour's Shadow Energy Secretary,
responding to today’s changes to the energy price cap, said:
"Whilst it is welcome the price cap is coming down, the
truth is that energy bills are still far too high for hardworking
families.
"Rishi’s recession means Britain is paying the price for 14 years
of Conservative failure. From banning onshore wind, to crashing
the markets for offshore wind and solar, Conservative energy
policy has failed.
"Only Labour can bring down energy bills once and for all, with
our plan to switch on Great British Energy, a homegrown clean
power company for our country."
Responding to Ofgem’s latest price cap
announcement, Greenpeace UK’s climate campaigner,
Georgia Whitaker, said:
“The wild swing in energy prices we’ve seen over the past two
years couldn’t be a clearer indication of the urgent need to move
away from fossil fuels and their volatile prices.
“But instead of speeding up the shift towards a fully renewable
energy system - which would bring consistently lower bills, more
energy security and massively help tackle climate change - our
government is doubling down on oil and gas by attempting to make
its extraction a legal requirement. It’s like trying to put out a
fire by dousing it with petrol.
“Government backed schemes to insulate homes, which is the number
one way to bring people’s bills down for good, have also
effectively ground to a halt. Our defunct government has learned
nothing from the energy crisis and, without an urgent shift in
policy, they’ll be severely punished by bill payers at the ballot
box later this year.”
Emily Seymour, Which?
Energy Editor, said:
"Consumers will be relieved to hear
that the energy price cap will drop by 12.3%
to £1,690 a year for a typical household from
April - a reduction of £238.
"Some fixed deals are currently
available for close to the predicted April
price cap but most of these deals will save consumers very little
when it comes into force. With the price
cap predicted to remain fairly stable for the rest
of 2024, more competitive deals may become available in the
coming months. Consumers can use switching services - like
Which? Switch Energy - to keep an eye out for any
new fixed deals that might offer savings on the April price
cap.
"As a rule of thumb, we wouldn’t
recommend fixing a contract longer than 12 months, higher than
the April price cap or with significant exit fees - in case
circumstances change and you want to switch to a better
deal."
