A fresh report from Ofgem today lays out the future of the UK energy market, with the bleak conclusion that householders and small business may find energy costs unaffordable in the future.
The worst position is that home owner will manage self-inflicted ‘zero-energy-usage’ policies, potentially placing lives at risk. On top of homeowners feeling these rising costs, small business will also bear the brunt and ultimately feel the need to pass on these rising costs within the end price they in turn charge the customer, creating a double whammy of cost increases. Something that many households will find extremely hard to cope with.
Now is the time for the Government, and that includes Ofgem, and take action. Which means rather than merely reporting on the potential consequences of what may or may not happen, they should be taking action and executing aggressive, wide ranging policies to ensure that all consumers are in some way protected, with added emphasis place upon currently vulnerable customer and those considered as a ‘high risk’ of becoming vulnerable.
