Energy retailers are making higher profit margins because the industry’s regulator has shifted some of the risks and costs of running their business to household bills, UK consumer group Citizens Advice has said. Ofgem, the energy regulator, introduced a series of measures this August that boosted profit margins allowed under the government’s energy price cap — which was instituted in 2019 and put a limit on how much power companies can charge per unit of energy. Allowed profit margins under … read more »
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