Ofgem boss backs price cap review

In an interview with the Guardian newspaper, Ofgem Chief Executive Jonathan Brearley has signalled his support for reviewing the energy price cap. Last week, the Centre for Policy Studies published a briefing paper – ‘The Case Against the Energy Price Cap’ – which argued that the cap was harming the market and costing consumers more by smothering competition and discouraging firms from offering cheaper energy tariffs.

Read the full interview with Jonathan Brearley here, and coverage from the i paper and City A.M.

Date Added: Tuesday 15th August 2023