Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 31
31
Paragraph: 133
We welcome more frequent calculations of the price cap if this stabilises the supplier market...
Conclusion
We welcome more frequent calculations of the price cap if this stabilises the supplier market amid current market conditions. However, Ofgem’s cost benefit analysis of its proposed move to quarterly price cap updates did not consider the impact that further price rises in January 2023 could have on vulnerable customers, including an increased risk of self-disconnections.
Paragraph Reference:
133
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 ↗