Call to ditch price cap and introduce a social tariff

The government should scrap the energy price cap in its current form and look to introduce stronger protections for the most vulnerable consumers, such as a social tariff, a thinktank has urged. A new report by the Conservative-leaning Centre for Policy Studies slams what it labels the “devastating effect” both the cap and Ofgem’s Market Stabilisation Charge have had on competition in the retail market.