Industry reacts to ‘simply unaffordable’ price cap hike

Following confirmation of a £1,578 – or 80% – increase to the price cap, a number of industry voices have urged the government to step in and alleviate the pressure on consumers. Ministers have been criticised for failing to introduce adequate measures to help households and there are calls for the Energy Bills Support Scheme to be extended to reflect the recent price hikes. Additionally, several industry chiefs have called for a bigger focus on installing insulation to stave off rising bills.

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