Uswitch comments on the Business, Energy and Industrial Strategy (BEIS) Committee Report

Today, the Business, Energy and Industrial Strategy Committee Report on energy pricing and the future of the energy market was issued, and Uswitch has responded with the following comment.

Richard Neudegg, director of regulation at Uswitch.com said: “It’s right that MPs have spoken the uncomfortable truth: with the price cap poised to rise even further than previously expected, the government’s support for energy bill-payers will simply not be enough.

“It should now be obvious that the current price cap system has not offered any real shield against rising wholesale energy costs, and it is right that the Committee has highlighted that a deeper form of protection for the vulnerable is needed.  However, it’s clear that more work and thinking is still required to set up the right structure for the energy market in the longer term.

“In the short term, it is time for the Conservative leadership candidates to show they can get the job done for anxious households. We call on both Rishi Sunak and Liz Truss to work together as a matter of urgency so that clear, concrete support is laid out at the point that the new price cap level is announced on August 26. 

“Above all else, households need clarity to help them plan for the most expensive winter in living memory.”

-ENDS-

FOR MORE INFORMATION

Prisca Simango

Phone: 07971 093 512

Email: prisca.simango@rvu.co.uk

Twitter: @UswitchPR

About Uswitch 

Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles. 

More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.

Free mobile app Utrack also helps households manage their home energy usage and make potential savings. 

Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.