Ovo boss Raman Bhatia told City A.M. the energy price cap needs “radical” redesign before winter, echoing comments earlier in the week from Ofgem Chief Exec Jonathan Brearley.
Both energy bosses echo the recommendations of recent CPS report ‘The Case Against the Energy Price Cap’ – available to read here – which argued the cap is no longer protecting vulnerable customers, instead has become de facto price setting by the government.
Date Added: Thursday 17th August 2023
