Monday, January 24

Energy supplier failures will add an extra £94 to household bills next year, warns Citizens Advice

What do Ofgem and the Government say?

An Ofgem spokesperson said: “We accept that the energy market needs reform and quickly – the current system was not designed for this sort of extreme market event.

“In the next few weeks we will be announcing changes that will demonstrate the seriousness with which we are tackling the pace of change needed, the concerns around the financial resilience of the market, as well as ensuring that fair prices are reflected through the price cap .”

A spokesperson for the Department for Business, Energy and Industrial Strategy added: “To help consumers, we’ve launched an extra £500m Household Support Fund for those most in need, on top of other schemes like the Warm Home Discount, which is being increased to £150 and extended to an extra 780,000 households, to support the most vulnerable.”