Unpacking the latest price cap announcements

As has become the norm, the latest price cap announcement was once again accompanied by a dump of documents on the latest tweaks to way the mechanism works. As well as revealing that the price cap will drop by more than £1,200 for a typical dual fuel customer from 1 July, Ofgem confirmed changes to price cap allowance for profits, launched a review of the allowances for operating costs and issued guidance on the resumption of dividends. Utility Week presents a summary of the key updates.

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