With great power comes great responsibility – what can be done for customers and suppliers in these challenging times?

Given that the situation in the wholesale markets shows no signs of abating, both the government and Ofgem have a shared responsibility for helping to steward the energy sector through a period of profound challenges for suppliers as well as for their customers. Furthermore, the risk of structural damage to the UK economy as a whole due to record energy costs is evident, with the initial impacts already being seen in the latest inflation figures. With the prospect of a 50% increase in the Default Tariff Price Cap from 1 April next year, we set out our thoughts on some of the options open to them below:

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Dr Craig Lowrey

Dr Craig Lowrey

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