State intervention to keep energy bill high
27 February 2023
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In the Media
Christopher Snowdon quoted in The Irish Mail on Sunday
27 February 2023
In the Media
Housing and Planning
Andy Mayer quoted in The Express
IEA Chief Operating Officer and Energy Analyst Andy Mayer has been quoted in The Daily Express discussing the long-term outlook for energy bills.
Andy said:
“Whether the price cap increases to £3,000 or stays at £2,500, bills in the summer shouldn’t reach it.
“Wholesale gas prices, which influence both heat and power, are falling.
“But, they are still two to three times what they were and won’t fall to the old level, yet.
“Other costs, bailing out failed energy companies, welfare schemes for poorer households, grid upgrades, taxes and older subsidy schemes contribute to higher bills. So expect home prices from £2,000 to £2,300 [for a typical household], while remembering the actual bill depends on your use.”
The full article can be read here.
Andy said:
“Whether the price cap increases to £3,000 or stays at £2,500, bills in the summer shouldn’t reach it.
“Wholesale gas prices, which influence both heat and power, are falling.
“But, they are still two to three times what they were and won’t fall to the old level, yet.
“Other costs, bailing out failed energy companies, welfare schemes for poorer households, grid upgrades, taxes and older subsidy schemes contribute to higher bills. So expect home prices from £2,000 to £2,300 [for a typical household], while remembering the actual bill depends on your use.”
The full article can be read here.
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