Price Cap Shakeup? Ofgem Considers Options for a Changing Energy Market

A “more dynamic” price cap could be introduced by Ofgem based on the time of day households use its energy, it has been revealed. The energy regulator has launched a consultation on a range of options for the future of the price cap including on with a “time-of-use dependent unit rates to encourage consumer flexibility”.

Ofgem is also considering introducing a targeted cap which could be based on a variety of factors such as vulnerability, and more flexible, market-based price protections such as setting a limit between…