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Opinion: A volatile future: the energy price cap makes for an unpredictable wholesale energy market

A 2015 investigation by the Competition and Markets Authority accused the UK’s energy suppliers of overcharging their customers to the tune of £1.4 billion a year. The government has responded with draft legislation that imposes a price cap on suppliers’ standard variable and default rate tariffs (SVTs), the latest in a long line of attempts to protect customers in the energy sector.

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