The energy price cap will make a “real difference” to the 12 million people stuck on the most expensive tariffs, a consumer group has said. Regulator Ofgem is set to be handed new statutory powers – dubbed a “nuclear deterrent” – to end inflated prices. The Domestic Gas and Electricity…

Energy watchdog Ofgem is set to be handed new statutory powers – dubbed a “nuclear deterrent” – to end inflated prices. The new legislation to free people from “rip off” energy tariffs should be operating next winter, a move which would protect 11 million customers. The law will allow energy…

The government has reached a compromise with Labour over the legislation underpinning the new energy price cap, quashing fears the flagship policy would be delayed. A House of Lords amendment would have introduced a permanent relative price cap – a limit on the gap between energy firms’ most expensive and…