Price cap reduction is welcome but we are yet to address fundamental issues in the energy market

The energy price cap, which sets a limit on how much you can be charged for your domestic energy consumption, is to be reduced on 1 July.

The price cap went up significantly in response to events in Ukraine and the rest of the world, putting huge pressure on households.

Sue Ferns, Senior Deputy General Secretary of Prospect union, said:

“Tomorrow’s fall in the energy price cap will provide some welcome relief for struggling households. However, typical energy bills remain nearly double their pre-crisis levels leaving millions still facing fuel poverty.

“We are yet to address the fundamental problems this energy crisis has revealed, including the UK’s overdependence on international gas markets and our failure to protect vulnerable billpayers.

“The government must introduce a social tariff for those most in need and deliver an accelerated rollout of homegrown, low carbon energy from renewables and nuclear.”