Justina Miltienyte, head of policy at Uswitch.com, comments: “This admission from Ofgem confirms the worst fears of everyone who is currently struggling to pay their energy bill. Although we have long expected the price cap will rise again in October, this is the first time the regulator has estimated how high it could soar.
“The final figure is still uncertain as we have a few months left before the announcement, so it could go further up or down, depending on the market volatility.
“This revelation by Ofgem will be especially worrying for those on the lowest incomes who are already struggling, and the need for more support could not be more urgent.
“Nearly a quarter of consumers are already in debt to their supplier[1], and are facing financial pressures from all sides. Now is the time for the government to act and put together a comprehensive package of help for the most vulnerable before it is too late.”
ENDS
Notes to editors
FOR MORE INFORMATION
Prisca Simango
Phone: 07971 093 512
Email: prisca.simango@rvu.co.uk
Twitter: @UswitchPR
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.
