UKGBC responds to OFGEM's energy price cap rise

The UK Green Building Council responds to the Office of Gas and Electricity Market's energy price cap rise.

Today, the Office of Gas and Electricity Markets (OFGEM) announced an increase to the energy price cap, marking the third consecutive hike on gas and electricity caps. The energy price cap is the maximum amount energy suppliers can charge customers on standard variable tariffs, including most typical households.

On April 1st, the figure will rise to £1,849, up 6.4 per cent from £1,738 in the previous financial year.

Anna Hollyman, UKGBC’s Co-Head of Policy & Places, said:

Today’s energy price cap rise underlines how vulnerable our homes remain to gas price spikes and global politics. These price rises will hit the most vulnerable households the hardest – those who are already struggling to keep warm in winter, impacting their physical health, and exacerbating the mental toll of financial hardship. We welcome the widening of the Warm Home Discount which goes some way towards mitigating the impacts on those eligible, yet this is just a sticking plaster that does nothing to address the underlying issues. We urgently need a National Retrofit Strategy that ensures all homes are upgraded so they are cheaper to keep warm, kept free of damp and mould, and more resilient to future climate impacts. In this context we are looking forward to a comprehensive Warm Homes Plan from the government, that provides a clear direction for developing our long term strategy.  We also need to rapidly embrace the shift to clean, renewable energy, to end our reliance on fossil fuels and the high risks they bring.”

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