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Under the price cap radar

Robert Buckley Head of Retail and Relationship Development

On 7 February, as anticipated, Ofgem increased the levels of the default tariff and safeguard tariff caps for domestic energy consumers for summer 2019. Within a week three large suppliers had increased their standard variable tariffs (SVTs) to match. So far, so predictable, but as we discuss in this week’s Energy Perspective, the default cap is more than just providing air cover for SVT increases to sticky customers. Air traffic control The increase in the cap had been widely anticipated. ...

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