More than 500,000 households on heat networks face ‘huge and unrestricted’ increases in their heating and power bills because they are not protected by the energy price cap, a watchdog has warned.
The Heat Trust says consumers and landlords operating heat networks are already reporting price rises of up to 700% because of the recent spiralling increases in the cost of wholesale gas.
Customers on heat networks are not protected by Ofgem’s energy price cap – the level of which will increase by 54% in April – meaning they are fully exposed to the commercial cost of gas.
