"The price of energy has reached record levels driven by an aggressive economic act by the Russian state. They have slowly and deliberately turned off the gas supplies to Europe causing harm to our households, businesses and wider economy. Ofgem has no choice but to reflect these cost increases in the price cap.
"The government support package is delivering help right now, but it's clear the new prime minister will need to act further to tackle the impact of the price rises that are coming in October and next year."We are working with ministers, consumer groups and industry on a set of options for the incoming prime minister that will require urgent action.
"The response will need to match the scale of the crisis we have before us. With the right support in place and with regulator, government, industry and consumers working together, we can find a way through this."
Where is the rest of the interview You cut her off
Moving in with family members to save money. Very sensible 👏
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BREAKING: Energy price cap will rise to £3,549 in October, Ofgem announcesThe average household's yearly bill will soar amid the worsening cost of living crisis If that's by how much, the energy distribution costs, the business models of our energy companies is broken. The should be declared bankrupt! Anyone fancy a riot at some point? Because the only way now anyone in Westminster will do anything is if we change who is in Westminster. UKLabour will not reverse these caps, they will just allow them to continue whilst real families struggle
Source: MENnewsdesk - 🏆 23. / 69 Read more »
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Source: SkyNews - 🏆 35. / 67 Read more »
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Source: TheSun - 🏆 64. / 61 Read more »
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Source: TheSun - 🏆 64. / 61 Read more »
'Bleakest Christmas' for millions as energy price cap rises to £3,549 in OctoberThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs
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Source: BBCNews - 🏆 3. / 97 Read more »