The message from Ofgem chief executive Dermot Nolan is clear: gas suppliers should cut prices. Writing exclusively for Utility Week (see p11), Nolan highlights the continuing fall in wholesale gas prices – and asks where the price cuts that should logically accompany them have been. “Maybe the suppliers are trying to prove the CMA right,” he says, tongue-in-cheek, referring to the CMA’s conclusion that large suppliers are exploiting customers on standard variable tariffs.
Leader: a cut in gas tariffs is long overdue
