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Environment
Karen Turner, Professor and Director of the Centre for Energy Policy, University of Strathclyde

Energy price cap: a targeted 'social tariff' must be part of a much wider set of reforms

Alex Yeung / shutterstock

The British energy regulator Ofgem has announced the energy price cap for the last quarter of 2023, including early winter. Gas and electricity should be slightly cheaper than last year, but they are still too expensive.

The problem is the cap itself which, as I have written before, was never designed to keep energy affordable. It limits profits for suppliers but not bills for you or I.

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