Energy price cap to be reviewed as firms go bust
Ofgem says it will look at how it calculates the cap after a series of energy firms collapsed. …
“The reality is most of the companies, if not all of them that have sadly failed, have done so because they were selling long-term energy contracts but buying short-term energy, and so when the wholesale cost rose, they weren’t able to deliver on the prices they promised or even on the price cap,” said Mr Jackson.
About The Author
