The cost of living crisis has prompted the boss of one of the UK largest energy supplies to put forward a 10-point-plan. Ovo Energy founder, Stephen Fitzpatrick, says action is needed now before the winter sets in.
The plan, published on the firm's website on Thursday, September 1, sets out short-term, medium-term and long-term proposals to the current crisis, adding: "At this stage, there are no perfect solutions". However, in the outline it says a "compassionate and creative approach must be followed to address the energy bill crisis".
Key proposals include immediate actions such as bringing forward the energy rebate so that it is paid in full before the December festive period and, in the medium-term, suggestions such as abolishing the prepayment meter, which the document describes as a 'poverty penalty'. Medium term proposals continue with the abolition of the standing charge to make bills "fairer" and "simpler".
