ADE CEO, Lily Frencham, was quoted below with our response to the energy price cap rise:https://www.edie.net/a-market-failure-ofgem-raises-energy-price-cap-to-3549-with-further-increases-likely/https://www.energylivenews.com/2022/08/26/industry-calls-on-government-as-energy-price-cap-skyrockets-to-3549/https://www.futurenetzero.com/2022/08/26/industry-calls-on-government-as-energy-price-cap-skyrockets-to-3549/Lily Frencham, CEO of the ADE, said:“Ofgem's announcement today, and projections for 2023, are truly frightening and continue to underline the need for more support and decisive action. Although some measures have been rolled out, we are still yet to see a clear plan to truly lower bills in both the short and long term. The next Prime Minister will need to act swiftly to prevent lasting damage to the energy industry and people’s lives.“Current policy is not hitting the mark, with unaffordable increases to the price cap and repeat calls to offer rebates to shore up the system, when we need to be giving suppliers and consumers some stability and long-term confidence. The next Government has the opportunity to unlock massive amounts of private investment for energy efficiency upgrades and low carbon heat networks – fairer and more sustainable solutions that will protect consumers from future price fluctuations and permanently reduce energy demand.”
