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19 Nov 2:16pm

Energy price cap tweak may lead to faster rises in household bills

The Guardian
Ofgem outlines way to keep pace with fast-moving market prices which may mean more than 15m homes face higher bills more often Energy regulator Ofgem has set out plans to tweak the energy price cap more often to keep pace with fast-moving market prices, in a move which could mean over 15m households face higher bills more often. In response to lobbying by energy companies, and after the collapse of 21 smaller suppliers since wholesale prices spiked in September, Ofgem has proposed a change to the rules for the first time since price capping was introduced in early 2019.
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