Money Saving Expert Martin Lewis has apologised after launching a foul-mouthed rant at Ofgem. Mr Lewis has admitted he 'lost his rag' during a background briefing with the Government regulator talking about their proposals for changes.
He has accused Ofgem of ignoring all asks for customers and listening to calls to scrap its proposed market stablisation charge. It comes as households could see energy price caps reviewed four times a year instead of two, which means bills could increase more frequently than they did before.
The price cap works by limiting how much the average home pays for power every year, if they pay by direct debit on a variable rate tariff. The price cap is currently reviewed once every six months. Ofgem is now consulting on doing this every four months.
