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Energy Spectrum

Issue 605

Uncertain outlook as Ofgem increases safeguard price cap

Robert Buckley Head of Retail and Relationship Development

Recently Ofgem took another step in the reregulation of the domestic energy market when it extended the CMA prepayment meter (PPM) price cap to a wider group of vulnerable customers. And last week it reset the cap from 1 April 2018, increasing it by over £50. The regulator put a brave face on things. But, as we consider below, there is no doubt the new world of price caps is already having much wider consequences than just those directly impacted. As we ...

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