Ofgem to consult with suppliers on potential changes to energy price cap

Energy regulator Ofgem is set to conduct a consultation with energy suppliers about how the energy price cap is calculated.

The announcement follows the news that 13 energy suppliers in the UK have gone out of business since the start of September. These now-defunct suppliers were ultimately beaten by rising wholesale costs that they were unable to pass onto customers, due to restrictions created by the current price cap.



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