Citizens Advice responds to Ofgem's latest announcement on energy network charges
Responding to Ofgem's latest announcement on energy network charges, Gillian Cooper, Director of Energy at Citizens Advice, said:
“News of bill increases from next April will worry many already struggling with sky-high energy costs.
“More investment in the country's energy infrastructure is needed to improve access to cheaper renewable energy; reduce our reliance on volatile gas prices; and ultimately bring down people’s bills.
“When setting how much companies can make for this investment, Ofgem must get the best possible deal for billpayers by ensuring company profits don’t end up too high. And to cushion the blow of any short-term bill rises, the government must increase the targeted support it provides to those struggling most with energy costs, like families with children and disabled people.”
Recent Citizens Advice Research:
Citizens Advice has found energy network companies, which provide pipes and cables to people’s homes, have pocketed nearly £4 billion in excess profits over the last four years.
The charity wants network companies to use the money to support those struggling with rising costs, by funding targeted energy bill support and debt write-off schemes.
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Notes to editors:
Citizens Advice’s report, Debt to society: what the network companies should do with their windfall profits, is available on the Citizens Advice website. Network company outperformance figures are taken from the company reporting to Ofgem. Total debt outperformance reported to date from the current price control is £3.9bn (adjusted to 2023/4 prices). Company performance data is available on the Ofgem website.
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