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watchdog

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Competition watchdog to ‘set cap for low-income household energy costs’

Millions of vulnerable households could see their gas and electricity bills slashed under plans expected to be unveiled on Thursday in a long-awaited report into Britain’s energy sector. The Competition and Markets Authority (CMA) will publish its “provisional decision on remedies” after a two-year investigation amid reports that it is likely to set a price cap for low income and vulnerable customers who have pre-payment meters - around 16% of households.

Other News

Shop around for energy deals, says watchdog

Energy firms are overcharging customers and bills should come down for the vast majority of people, the boss of regulator Ofgem has said. The watchdog’s chief executive, Dermot Nolan, said “we really should be seeing bigger retail cuts” due to falling wholesale energy prices.