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Business energy bill package 'could cost up to £25bn'

Business energy bill package 'could cost up to £25bn'
energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.

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Industry responds to Bulb's collapse into administration

Industry responds to Bulb's collapse into administration
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Industry responds to Ofgem's new price cap - Energy Live News

But how the industry responds?
Cost of buying energy has risen significantly
Responding to this morning’s price cap announcement, Energy UK’s Chief Executive Emma Pinchbeck said: “Ofgem sets the price cap at a level to ensure that it’s both a fair price for customers and to cover the costs suppliers face so they can continue to provide reliable services to homes.
“Today’s rise reflects that the cost of buying energy, by far the biggest part of the bill, has risen significantly over the last few months. It also includes a greater allowance for debt given the difficulties many customers are facing in paying bills at present.” ....

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