The energy price cap would be scrapped when Liz Truss’s £60bn support package for households comes to an end under plans being considered in Whitehall. Officials at the industry regulator Ofgem and the Business Department are discussing market reforms that could include scrapping the cap, which is normally changed every three months based on average wholesale power prices and was introduced by then-Prime Minister Theresa May. The cap – which has been superseded for the next two years by a … read more »
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