Energy price cap: Ofgem considers ‘dynamic’ limit based on time of day

Regulator for Great Britain launches consultation on options for future of price controls

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The watchdog Ofgem is to consider introducing a new “dynamic” price cap based on the time of day British households use their energy, it has announced.

The energy regulator for Great Britain has launched a consultation on a range of options for the future of the price cap, including a “more dynamic cap” with “time-of-use dependent unit rates to encourage consumer flexibility”.