Ofgem’s £16 worth cap change slammed by campaigners

The latest proposal by Ofgem to introduce a one-off worth cap adjustment of £16 has drawn criticism from campaigners, together with the Finish Gas Poverty Coalition.

The instructed adjustment is available in response to the highest-ever recorded power debt, which has reached virtually £3 billion, reflecting a mixture of sustained excessive wholesale power costs and broader value of residing pressures resulting in unpaid power payments.

Simon Francis, coordinator of the Finish Gas Poverty Coalition which is a part of the Heat This Winter marketing campaign, commented: “This outrageous tax on power customers is just not truthful.

“Power suppliers have posted billions in earnings already this 12 months whereas tens of millions of individuals wrestle in chilly damp houses. The file ranges of power debt are as a result of Britain’s damaged power system, not the fault of the hard-pressed public.

“Now we have known as for the federal government to introduce a assist to repay scheme for houses in power debt. However ministers have refused to hear and now clients pays the worth of their inaction.”