Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 30
30
Paragraph: 130
The design of the energy price cap has contributed to recent instability in the supplier...
Conclusion
The design of the energy price cap has contributed to recent instability in the supplier market. Ofgem failed to properly stress test its design against a range of scenarios or consider how it interacted with its other regulations. The methodology forced suppliers to subsidise customers, which was clearly not the intended purpose of the price cap.
Paragraph Reference:
130
Government Response
A response document is linked to this report, dated 13 October 2022. Response attribution to this conclusion has not been verified. Read the response document ↗