The man in charge of policing Britain’s energy sector admitted he is “concerned” at the slew of electricity and gas price rises this year but stressed that legislation would be required for the government to deliver on its promises of lower household bills. Dermot Nolan, chief executive of Ofgem, has faced criticism for proposing a limited safeguard tariff that would extend protections to only about 2.2m vulnerable” customers. The move in July angered campaigners lobbying for a more extensive cap on energy prices following a pre-election pledge by prime minister Theresa May to cut annual bills by £100 for 17m UK families.
FT 17th Aug 2017 read more »
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