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Why capping energy prices is only one piece of the puzzle

Posted on 11 March 2016

It was another bleary-eyed, cuppa-tea needing, Twitter-scrolling commute into work yesterday morning.

As I trawled through my Twitter newsfeed, an article popped up that caught my attention.

I stopped snoozing and starting reading…

In a nutshell

The Competition and Markets Authority (CMA) has published their proposals to help transform the energy market. Their recommendations suggest that a price cap is introduced for all households using pre-payment energy meters and that regulator, Ofgem, should keep a customer database so that households who have been on a standard rate for three years can proactively be offered cheaper alternatives by other energy companies. 

The CMA says these recommendations will make it easier for households to save money and secure a better deal following analysis that found consumers could have been paying about £1.7 billion a year more than they would in a competitive market.

Ofgem has released a statement saying they ‘welcome’ the proposals and they would be working with the CMA to identify how these recommendations should be implemented. But as we wait to hear the next steps, Groundwork argue that consumers need practical support they can trust now in order to maximise on money-saving initiatives even further.

For many people struggling with the cost of fuel bills this will be welcome news as the stark reality is that some people simply do not have the option of turning their thermostat up a couple of degrees for fear of being hit with an energy bill that they simply can’t afford to spend.

But capping energy prices is only one piece of the puzzle. I believe we also need to make sure we’re also supporting these very same consumers to look at ways they could be more energy efficient, so any energy they do use is used wisely. 

Taking control

As an environmental charity, one of Groundwork’s key aims is to support people to live and work in a greener way. This often means providing families living with fuel poverty with the know-how to successfully save money by being energy efficient.

Our Green Doctors’ - independent energy efficiency experts – have been working tirelessly for several years to help the most vulnerable in our communities to keep warm, stay well and save money by offering practical advice including fitting energy efficient equipment and offering energy and money saving tips.

It’s an approach that works.  Watch Clare’s story below to see the difference a tailored 1:1 approach can have.  

Read the full press release about CMA’s proposals here.

For our full guide to how you can save energy, money and stay warm this winter and beyond please click here.

Post by Stacey Aplin, PR and Communications Officer

Groundwork UK