Ofgem announces plans for major shake-up of energy price cap

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The energy regulator said a new 'dynamic' cap based on the time of day households use their energy is being considered

Ofgem has announced it is considering a significant shake-up of its energy price cap, including one with prices that shift depending on the time of day.

Read more: Scottish Power, Ovo and British Gas urged to improve customer service after scathing survey “We will continue to work with government, industry, consumer groups, charities and the public on the future of pricing regulation. Our aim is ensure the market works for everyone.”

 

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