Ofgem will open consultation on how cap is calculated to ensure suppliers can recover their costs
The energy industry regulator is poised to take “bold action” to overhaul the price cap protecting millions of households from rocketing bills as suppliers face a deepening energy crisis this winter.
In an open letter to the industry, Ofgem promised to open a consultation on how the energy price cap is calculated as soon as next month to make sure that it allows suppliers to recover their costs.
