Social tariffs needed to address energy price crisis

Prospect has called for the introduction of social tariffs to address the energy price crisis facing consumers, with annual bills expected to double to £3,850 in January.

Senior Deputy General Secretary of Prospect Sue Ferns said: 

“The energy price cap is fundamentally broken: it has failed to improve affordability for consumers and has eliminated profitability in the energy retail sector, costing thousands of jobs.

“Rather than playing populist politics over short-term measures that will little help hard-pressed households, Rishi Sunak and Liz Truss should commit to introducing a social tariff alongside regulatory reform that helps consumers now and in the longer term.”