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What’s the name of the game? Ofgem’s price cap recommendation

Anna Moss Retail Manager

When the default tariff cap was legislated for in 2018, it was given a defined shelf life of 2023 with Ofgem scheduled to undertake annual assessments on its continuation. It is just completing the first of these against criteria it defined last year—at the time we thought they were too vague to gain much understanding of the reasoning behind the regulator’s decision. As we discuss in this Energy Perspective, its first recommendation that the cap should continue is ...

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