Age Scotland responds to Ofgem’s decision to move to quarterly price cap

Ofgem today confirmed the energy price cap will be updated quarterly, rather than every six months.

Brian Sloan, chief executive at Age Scotland, comments:

“Today’s announcement of a quarterly price cap means customers could face another energy price hike on New Year’s Day and plunge tens of thousands more older people on low income into fuel or financial poverty. To do this during the coldest period of the year is a cruel move and will pose a significant health risk to many vulnerable older households across Scotland.

“With the cost of energy and food already spiralling out of control and 1 in 3 older households in Scotland already living in fuel poverty, and many more just on the cusp, we’re urging Ofgem to rethink their decision and for governments to consider how those on the lowest incomes can be protected. We can’t afford to wait for the worst effects to be felt and the devastating impact this decision would have on older people.”

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