The Government needs to immediately change its out-of-date energy bill support for households, said MPs who accused energy regulator Ofgem of being “negligent”.
The influential select committee that deals with energy said that a massive insulation drive needs to be launched “urgently” and would permanently bring down bills. MPs also asked ministers to consider abandoning the energy price cap in favour of a discounted social tariff for the most vulnerable.
They said that there were problems with the support that former chancellor Rishi Sunak had promised to bill payers, including multiple payments for second home owners. But first and foremost it has simply been left behind by rising energy prices. When Mr Sunak announced the help, the energy price cap was forecast to rise to around £2,800 in October. Now the latest forecasts set the next price cap at £3,244.
