Scottish Power CEO: ‘Energy bills will get truly horrific’

The CEO of Scottish Power says the government needs to ‘significantly shift’ its strategy in dealing with soaring energy bills for UK households.

Keith Anderson warned that people will “really, really struggle” without further government intervention.

Commenting on further energy price rises in October, Anderson added: “That’s going to get horrific, truly horrific.”

Anderson made the comments during the business committee’s hearing on energy pricing. E.ON CEO Michael Lewis noted the price increases in April were “unprecedented”.

A government spokesperson said:  “We recognise the pressures people are facing with the cost of living, which is why we have a £22bn package of support, including a £150 council tax rebate this month, and a £200 energy bill discount in October to cut energy bills quickly for the majority of households.

“We are also expanding the eligibility for the Warm Home Discount, which will provide around 3 million low-income and vulnerable households across England and Wales with an £150 rebate on their energy bills this winter. The energy price cap also continues to insulate millions of households from even higher global gas prices.”