"While our price cap forecasts have been steadily rising since the summer 2022 cap was set in April, an increase of over £650 in the January predictions comes as a fresh shock," Mr Lowrey said.
"Many may consider the changes made by Ofgem to the hedging formula, which have contributed to the predicted increase in bills, to be unwise at a time when so many people are already struggling." "With many energy suppliers under financial pressure, and some currently making a loss, maintaining the current timeframe for suppliers to recover their hedging costs could risk a repeat of the sizable exodus seen in 2021," Mr Lowrey said.
Where's our leader gone Where's our leader gone
As that's clearly insupportable for the less advantaged and those with 'heavy' mortgages, what iexactly is the Govt strategy?
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