Energy price cap could be a muddle that satisfies no one | Nils Pratley

Think of the price cap as a command to companies to shed costs – meaning jobsLet’s be generous to the Ofgem chief, Dermot Nolan. He’s produced a respectable fudge, as he was told to. Parliament gave him the tricky job of setting an energy price cap at a level that prevents “rip-off” pricing but still encourages customers to switch suppliers, goals that pull in opposite directions. A figure of £1,136 – being the proposed upper limit for a standard variabl