The energy regulator awarded a contract worth hundreds of thousands of pounds to a consultancy firm to advise on a record price cap hike – despite the company having also been hired by big six suppliers.
The price cap, the maximum amount a utility company can charge a customer per unit of energy calculated by the Office of Gas and Electricity Markets (Ofgem), is increasing by 54 per cent next month – which will send bills soaring, burdening struggling households amid the cost-of-living crisis.
