Chris O'Shea, Group Chief Executive of Centrica, comments on the Government's announcement to remove VAT from household electricity bills from 1 October.
'It's encouraging to see the new Prime Minister move quickly to help households with the cost of energy. Any reduction in bills will be welcome news for customers and it's good to see affordability being made a priority from day one. We will, of course, be passing this reduction on to our customers.
'We've been clear for a long time that help should be targeted at those who most need it. We continue to believe that the most sustainable solution would be a targeted social tariff to support vulnerable households, and we look forward to helping the government deliver that at the earliest possible opportunity.'
Source: Centrica
