LONDON, April 19 — CEOs from four of Britain’s leading energy suppliers called for more government action to cushion the impact of prices that are expected to surge in October ahead of peak winter demand.
Analysts at Cornwall Insight predict the next cap level, which comes into effect in October, could rise by another 30 per cent to more than £2,600 a year. The government in February launched measures, including a £200 discount on electricity bills for all households, from October to be repaid over five years. Read full story
Anderson suggested the government could set up a social fund to subsidise energy for the most vulnerable, while Lewis said the government could cut tax on energy bills, increase the £200 rebate and extend the repayment period.
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