A leading energy firm has thrown its weight behind proposals to freeze bills this winter as the price cap looks set to soar this week.
Octopus Energy, Ecotricity and Utilita are supporting the tariff deficit fund, which could see the price cap frozen at roughly its current level, Birmingham Live reports. Greg Jackson, founder and chief executive of Octopus Energy, has compared beer to gas prices, stating that if the price had risen at the same rate as energy, a pint could cost £25.
Mr Jackson, who is calling for Government intervention ahead of further price cap rises, told BBC Radio 4's Today programme: "I think the spate of failures within the 29 companies that went bust last year, that was driven by gas prices roughly doubling. They're currently nine to 11 times higher than usual."
