An energy bill price cap has moved a step closer after legislation seeking to end “abuse” against customers cleared the Commons. Energy Secretary Greg Clark said MPs have sent a clear message to regulator Ofgem that it needs to implement by the end of this year a “robust price cap” for the winter. The proposals will require Ofgem to protect consumers by capping domestic standard variable and default tariffs until 2020, with Mr Clark telling the Commons: “The measures will… ensure loyalty is no longer penalised while ensuring efficient suppliers can continue to do business.”
Energy Voice 1st May 2018 read more »
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