An Ofgem director has said the regulator is faced with “Hobson’s Choice” when it comes to deciding how to adapt the price cap in light of the energy crisis. During a Q&A on the first day of Utility Week’s Customer Summit Ofgem’s director of retail Neil Lawrence was asked by Utility Week whether a quarterly price cap will be sufficient considering how fast prices are increasing in the current climate.
Ofgem facing ‘Hobson’s choice’ over price cap changes
