Ofgem seeks tougher price controls on energy firms

Plan would hit gas and electricity networks’ returns and save £5bn for consumers, says watchdogOfgem has signalled tougher price controls for energy firms that could knock up to £25 a year off the average household gas and electricity bill.Under the proposed new rules, due to come into force in April 2021, companies that run Britain’s gas and electricity networks would face a “significantly lower range of returns”, the regulator said. Continue reading...