Energy regulator Ofgem is seeking views on a range of options being considered to reform the energy price cap, including a cap based on consumers’ vulnerability and when energy is used.
Energy watchdog Ofgem is consulting on a dynamic new price cap system which allows different charges depending on the time of day in order to meet the demand of net zero.
Ofgem is exploring options for the future of energy price caps, including time-based rates that would charge consumers different prices depending on when they use energy.