Keeping price cap will ‘freeze’ energy retail market

The introduction of the energy price cap has “destroyed” the supply market and its removal is an essential precondition of any reform of the system, the UK’s first electricity regulator has told the government. Professor Stephen Littlechild, who was the first head of the Office of Electricity Regulation from 1989 to 1998, said keeping the price cap in place will deter competition from new entrants and "freeze" current market shares.

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