However, it said without mutual recognition, manufacturers could face added cost and complexity at a time when they are already reeling from coronavirus. “Even with a deal we are facing significant additional costs,” Mr Everitt told the BBC. “It gets worse if there’s no deal.”
The energy price cap, which limits how much suppliers can raise the cost of household bills, went up to an unprecedented £1,971 in April for the typical household. This was a rise of about £700, and the cap is expected to rise by a further £800 a year in October.