Richard Neudegg, director of regulation at Uswitch.com, comments: “Almost three years on from the start of the energy crisis, we’re yet to see a full return to competition in the market – and the price cap must bear some of the blame.
“We support Ofgem’s view that the price cap needs reform, given it has proved to have significant limitations.
“The devil will be in the detail, but it is vital that any changes made to the cap create conditions to bring back better deals for consumers, and also offer targeted protections to the most vulnerable.”
ENDS
Sarika Patel
PR Lead
sarika.patel@uswitch.com
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.
