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News Release: OVO Energy Chief Executive Calls for Labour to Launch Social Tariff to Combat Rising UK Energy Bills
Milford Haven, United Kingdom - 1st October
David Buttress, the CEO of OVO Energy, has proposed that the British government should introduce a social tariff mechanism med at reducing energy costs for households struggling with high bills. This innovative proposal mirrors the approach used in the telecommunications sector to assist low-income families in covering their broadband expenses.
In response to increasing energy prices this winter and the subsequent rise in household fuel costs due to regulator Ofgem's price cap hike from October, Mr Buttress argues that a social tariff would provide protection for the nation’s most vulnerable during the cold months. The concept could involve offering targeted discounts on energy tariffs specifically designed for those who receive benefits like Universal Credit.
The introduction of a social tariff, says Mr Buttress, would facilitate assistance to the poorest sectors in our community by providing them with the necessary protection agnst rising energy costs.
The average household's energy bill is projected to increase by ￡149 as of October 1st due to market changes. In light of this situation and OVO Energy's recent announcement of a ￡50 million support package med at alleviating winter energy burdens, Mr Buttress advocates for more permanent strategies rather than short-term tactics employed by government in previous years.
The Labour Party was encouraged to consider long-term reforms during the recent roundtable discussion held by the British Government on potential market changes and social tariffs. OVO Energy participated in this conversation.
Mr Buttress suggests that the implementation of such a tariff system would necessitate pragmatic action, implying that the funding could be derived from various sources, potentially through increasing everyone's energy bills or by means of general taxation.
It is incumbent upon us to have an open dialogue about how we can protect our most vulnerable citizens, states Mr Buttress. A social tariff will ensure support for those who need additional help with their energy costs, benefiting all in need and not just specific groups.
This call for action comes as the British government continues to face criticism over its decision to discontinue winter fuel payments to individuals receiving Pension Credit. It is estimated that around 10 million people will lose out on this benefit during the colder months, as it is reduced to only assist those deemed financially poorest.
In discussing this policy, Mr Buttress emphasizes that there must be a comprehensive discussion about how we protect our most vulnerable populations. He argues for the adoption of a social tariff system which would provide assistance to all who require extra support with their energy expenses.
The introduction of a social tariff, asserts Mr Buttress, will protect those in need during winter and ensure they are adequately supported.
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OVO Energy CEO Advocates Social Tariff Rising UK Energy Bills Solution David Buttresss Government Call Social Tariff for Vulnerable Households Energy Costs Reduction Proposal UK Winter Protection Mechanism