The price cap could pass £4,200 come January following a number of changes made by the regulator Ofgem, according to analysis from Investec’s Martin Young.
Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.
The European Federation of Energy Traders (EFET) has called for the creation of a time limited emergency liquidity support system, to ensure the continued function of the wholesale energy markets amid continued volatility.