Ofgem is considering adjusting the price cap on default tariffs to loosen the reins on suppliers whose customers are unable to pay their bills as a result of the coronavirus pandemic. The regulator said it believes there has been a “material change” in the rate of non-payment and that an increase in the price cap may be required to account for a subsequent rise in the amount of bad debt.
Ofgem considers adjusting price cap to reflect rise in unpaid bills
