Responding to the announcement today that the Ofgem price cap will be reduced by £129 in July from £1,849 to £1,720, Unite general secretary Sharon Graham said:

“Ofgem has lowered its cap, but our bills are still sky high and nobody has any faith left in this regulator, which allows multinational companies to extract obscene profits from our energy system. We urgently need to reverse the market madness and address the real causes of the lingering energy crisis.”

ENDS

Notes to editors:

The Ofgem price cap has fallen has been lowered by £129 (7 per cent), but average household bills are still much higher than before 2022.

On Wednesday SSE reported £2.5 billion profit; last week National Grid PLC reported profit of £3.7 billion.

For media enquires ONLY contact senior Unite communications officer Ryan Fletcher on 07849 090215 or 020 3371 2065. 

Email: ryan.fletcher@unitetheunion.org

Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Sharon Graham.