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Ofgem director resigns over price cap changes

Ofgem director resigns over price cap changes

An Ofgem director has resigned in protest over the regulator’s decision to allow suppliers to recover wholesale energy costs over a shorter period. Christine Farnish said she believed that the move “would add several hundred pounds to everyone’s bill in order to support a number of suppliers in the coming months” and that she did not believe Ofgem had “struck the right balance between the interests of consumers and the interests of suppliers”.

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