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Is it time to scrap Ofgem?

By refusing to implement a proper price cap, the energy regular is proving itself to be spineless

By John Penrose MP  

Photo: Yui Mok/PA Wire/PA Images

Whatever you think of the Conservative election campaign, we got one policy offering absolutely right: the energy price cap. We promised to end energy rip-offs for 17 million consumers and it was, unsurprisingly, very popular on the doorstep. So popular, in fact, that it achieved a rare moment of cross-party consensus by cropping up in both the Labour and SNP manifestos too.

Job done then? Well, no because, bizarrely, the energy regulator Ofgem is refusing to implement the cap at all. It says it is…

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