Energy UK comments on PM's price cap announcement

Lawrence Slade, Energy UK chief executive said:

“The energy market is changing at a rapid pace - there are now over 50 suppliers to choose from and the Energy Switch Guarantee, launched by the industry, means it is simple, speedy and safe to switch, with many customers able to save much more than £100 in minutes by checking their tariff.

“Over 3 million consumers have switched already this year and the number of standard tariffs have fallen by almost a million in the last six months. It is important that we do not risk halting this growth of competition and engagement in the market. 

“One of the major contributors to high energy bills, especially over winter months, is the poor quality of our housing stock.  As Ministers have highlighted earlier this week, energy efficiency measures have helped to keep bills down – to around the same level we were paying nearly a decade ago. Making our homes energy efficient would be the most effective way of reducing bills for customers over the long term - which is why we are calling for the government to make it a fully-funded national infrastructure priority.”