Government issued warning over ‘burning deadline’

Government issued warning over ‘burning deadline’: The CEO of Good Energy has issued a “burning deadline” to the government to act on rising energy prices and family bills.

“To some extent, their burning deadline is the day when the new amount of the price ceiling is disclosed,” said Nigel Pocklington, Chief Executive Officer at Good Energy.

According to some recent projections, the price ceiling for the average family might be lifted to about £2,000 from the present £1,277.

According to the chairman of Good Energy, there should be some concern about the disadvantaged households who would be forced into fuel poverty.

“There’s this odd fact of life around your energy bill. You cannot avoid and yes there’s a bit of difference in consumption between wealthier households and those that are less well off.” Mr Pocklington told the PA new agency.

“But it’s not huge and therefore it’s a form of strangely regressive taxation in some respects. The duke and the dustman, as they used to say, are paying the same per unit cost.”

Mr Pocklington stated a few months ago that Good Energy was 90 percent hedged for the next 12 months to help reduce the firm’s exposure to surging energy costs and market volatility.

“The Energy Price Cap is currently insulating millions of consumers across the UK from high global gas prices.” A government spokesperson.

“We recognise people are facing pressures with the cost of living, which is why we are taking action worth more than £4.2 billion, including the Warm Home Discount and Winter Fuel Payments.”

Government issued warning over ‘burning deadline’

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British Utilities

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Saving your business money on all utilities and providing you with up-to-date news as well as tips on saving money.

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