THE ENERGY price cap, which limits just how much energy firms can charge customers, could be changed every three months under new plans.
The cap is typically updated every six months but that time could be halved under new plans announced by Ofgem today.
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Jonathan Brearley, CEO of Ofgem, said: “Our top priority is to protect consumers by ensuring a fair and resilient energy market that works for everyone.
“Today’s proposed change would mean the price cap is more reflective of current market prices and any price falls would be delivered more quickly to consumers.”
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