UKHospitality reacts to OFGEM energy price cap announcement

UKHospitality's Chief Executive has made comment on OFGEM energy price cap announcement. Today Ofgem has announced the energy price cap will increase to £3,549 per year for dual fuel for an average household from 1 October 2022.

Kate Nicholls (pictured) said, “While the energy price cap doesn’t apply to businesses, this steep rise for already cash-strapped consumers means they’re likely to cut back on visiting hospitality venues or, worse still, stop going out altogether.

'Higher energy prices also affect our sector’s employees, who now face even higher energy bills.

“Without an urgent and comprehensive government support package that helps both households and businesses, many hospitality venues are contemplating reduced trading, resulting in lower wages or lost jobs for staff who need their jobs more than ever if they’re to heat their homes.”