The UK energy regulator has initiated discussions regarding the future of price caps. Martin Lewis met with Claire Coutinho and Anne-Marie Trevelyan to address concerns about high standing charges, lack of competition, and upcoming time of use tariffs. Coutinho emphasized the importance of ensuring consumers receive fair energy deals and benefit from money-saving market reforms. Trevelyan highlighted efforts to protect customers in the energy market and mentioned an upcoming decrease in energy prices to their lowest level in two years, with a focus on reducing costs and supporting families.
Good to meet with @MartinSLewis to discuss the steps we’re taking to make sure customers are protected in our energy market. Energy prices are soon set to fall to their lowest level in two years - but our work continues to keep costs down and support families 📉 https://t.co/Vi7AUmFGTw
Good to meet with @MartinSLewis to discuss the steps we’re taking to make sure customers are protected in our energy market. Energy prices are soon set to fall to their lowest level in two years - but our work continues to keep costs down for families 📉 https://t.co/NQ5qqBM048
Thank you for a constructive meeting, Martin. We want to make sure consumers get a fair deal for their energy and that families can make the most of our money saving market reforms. https://t.co/L3U9qvrhqt
Just had a virtual meeting with @ClaireCoutinho (Sec of State for Energy) and @ASollowayUK (Minister for Affordability). Amongst other things I was pushing on - Standing charges being too high - Lack of competition (& comparison difficulties as time of use tariffs come in) -…
UK energy regulator starts discussions on future of price caps https://t.co/ESmdOR7k35