UK Energy Market Regulator To Allow Suppliers To Boost Profit Margins

UK Energy Market Regulator To Allow Suppliers To Boost Profit Margins

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After dozens of UK energy firms went bankrupt during the energy crisis, Britain’s energy market regulator on Thursday proposed amendments to the profit margins companies are allowed to make, which could boost margins by 27%.   The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that providers can pass on to them, but which additionally burdens energy providers. According to the consultation proposed on Thursday by the regulator Ofgem, a hybrid allowance is proposed…

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