Energy firms were lifted during trading on Thursday after the regulator showed more restraint than expected with its price cap. Energy firms were lifted during trading on Thursday after the regulator showed more restraint than expected with its price cap. Ofgem said it would impose a price cap of £1,136 on dual fuel customers paying by direct debit, forcing suppliers to cut prices to that level or below. However, the cap was more lenient than analysts had been expecting, with some of the most pessimistic predicting a cap of £1,120. Russ Mould, investment director at AJ Bell, said: “Ofgem has therefore shown its teeth but perhaps not bitten quite as hard as it could have.

Source: Irish Independent September 06, 2018 16:41 UTC