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Evening Standard
Evening Standard
Business
Jonathan Prynn

Will energy profits be raided again to save consumers?

Is another windfall tax coming?

(Picture: PA Wire)

A week today the great brains at Ofgem will hand down the results of their number crunching on the October energy price cap. It will make alarming reading.

The energy cap mechanism was set up by Theresa May to protect consumers who did not shop around from “rip-off” energy suppliers. It was not designed to cope with today’s extraordinary market conditions.

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