There is mounting pressure on the government to scrap the energy price cap following the latest update from the regulator, with more suppliers saying it is no longer fit for purpose. It comes after Ofgem revealed that the cap will be set at an annual level of £1,923 for a dual fuel household paying by direct debit based on the current typical domestic consumption values (TDCVs) rate, taking the cap to its lowest level since October 2021. Despite the cap decreasing, major concerns have been raised from energy suppliers, trade bodies and consumer charities.
Pressure mounts on government to scrap price cap
