Clare Maio, Global Lead Partner at KPMG UK, said:
“Consumers have been bracing for higher energy prices ever since the war in Iran broke out, with this increase putting further pressure on already stretched household budgets. While the current sunnier weather provides some relief as households historically use less energy over the summer months, it heightens concern about affordability later in the year when demand rises again.
“The key question now is what the Government’s anticipated targeted support looks like come October and which households are likely to benefit. With suppliers still tackling mounting energy debt from the last energy crisis, there is growing urgency to pair short-term assistance for those households most in need with longer-term measures that improve energy efficiency across the board and diversifies our energy sources to reduce exposure to future price shocks.”
