The Treasury’s £9.1 billion support package to lessen the impact of the £693 price cap hike announced by Ofgem has been described industry commentators as a “sticking plaster”. Chancellor of the exchequer Rishi Sunak unveiled plans this morning (3 February) to provide rebates of up to £350 to households to relieve pressure on their finances after Ofgem revealed the price cap on default tariffs will jump by 54% in April to £1,971 per year. Utility Week presents a round-up of the reaction from the energy sector.
‘Sticking plaster’: Energy sector reacts to bill rebates
