Ofgem’s announcement includes allowing energy firms to increase their profit margins by 11 percent.
Simon Francis, coordinator of the End Fuel Poverty Coalition, said this adds “insult to injury” to billpayers.
He said: “With energy bills for the winter ahead now confirmed as being 65 percent above where they were before the crisis, the Government needs to come up with a plan to prevent even more households entering fuel poverty this winter.”
Mr Francis added ending energy debt, extending the household support fund, expanding warm home discounts and evolving standing charges would all help mitigate the impact of high bills and the axe to the winter fuel payment.
He continued: “But as well as support this winter, the public need to see a clear timetable for when the very real benefits of cheaper renewable energy and the warm homes plan will kick in.
“To add insult to injury, in the detail of today’s Ofgem announcement is the fact that the profit margins energy suppliers are allowed to make will increase by 11 percent.
“Add to this that every month we hear about more massive profits for firms in the wider energy industry. It’s time to tax these firms fairly – not just the fossil fuel producers – and use the money to keep people warm now and in the long term.”
