The energy watchdog must be given greater powers to crack down on firms hoarding customers’ cash while increasing their bills, a Tory MPs has said. John Penrose, a former minister who helped draw up the price cap, said the current system of regulation was failing families feeling cost of living pressures. He called for Ofgem to be given more teeth after The Telegraph revealed that gas and electricity companies are sitting on nearly £2 billion of users’ cash. At the … read more »
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