The government should scrap the energy price cap in its current form and look to introduce stronger protections for the most vulnerable consumers, such as a social tariff, a thinktank has urged. A new report by the Conservative-leaning Centre for Policy Studies slams what it labels the “devastating effect” both the cap and Ofgem’s Market Stabilisation Charge have had on competition in the retail market.
Call to ditch price cap and introduce a social tariff
