BEIS and Ofgem ‘should consider one-off price cap adjustment’

A one-off adjustment to the price cap or even quarterly caps should be considered by Ofgem and the government, an ex-big six boss has suggested. Former Npower chief executive Paul Massara was talking to Utility Week about the options he believes the Department for Business, Energy and Industrial Strategy (BEIS) and the energy regulator will be considering as part of the industry’s response to the influx of supplier failures following a spike in wholesale costs.

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