Britain’s energy regulator Ofgem must act to lower customer bills and secure a just transition for energy workers, following record rises in energy company profits, UNISON said today.
The union is calling on the regulator to intervene and reduce high energy prices for consumers. It said that the scale of energy company profits is indicative of an imbalance in the market, and immediate action must be taken to rectify the situation.
UNISON national secretary for energy Donna Rowe-Merriman said: “In the cost of living crisis, there is an urgent need for Ofgem to intervene to ensure that consumers are not drowning in debt.”
UNISON is also calling for urgent collaboration from all energy companies in the UK to deliver major investment across the sector, to ensure a just transition for energy workers as the country moves to combat climate change.
Ms Rowe-Merriman noted: “As the energy sector continues to evolve, the union’s call for regulatory intervention and collaboration among energy companies marks a significant step towards a fairer and more sustainable future.
“By prioritising the fair pricing for consumers and a fair outcome for energy workers, the UK can pave the way for a just transition that benefits all.
“UNISON believes that a just transition plan is not only necessary for workers’ rights, but also for the long-term stability and success of the energy sector.”
