POLITICAL COMMENT: MP welcomes energy price cap reduction for Portsmouth billpayers
Stephen Morgan MP has welcomed Ofgem’s confirmation that the energy price cap across Britain will coming down by 7% (£117) as a result of choices announced by Chancellor of the Exchequer Rachel Reeves at the 2025 Autumn Budget.
Portsmouth billpayers are set to also benefit from this major progress, which is helping to bring down the cost of living and is a result of Labour’s wider actions to bring an end to the current era of high energy bills.
This price cap reduction comes on top of the expanded Warm Home Discount, which has meant nearly 6 million families are receiving £150 off their energy bills this winter period.
Additionally, Labour is delivering the biggest ever public investment in home upgrades through the Warm Homes Plan and investing record amounts in clean homegrown power to get us off the rollercoaster of fossil fuel prices.
Commenting, Stephen Morgan, MP for Portsmouth South, said: “By bringing down energy bills, Labour is standing up for Portsmouth’s consumers on the issues that matter to them and clamping down on bad behaviour by energy companies.
“This Government is reducing standing charges, acting on the forced installation of prepayment meters, making automatic compensation quicker, fairer, and easier, and overhauling the energy market.
“Ofgem’s announcement demonstrates the substantial progress that is being achieved by this Government to address an issue I know is a top concern for Portsmouth people”.