Energy watchdog to cap electric bills by limiting supplier profits
by Jillian Ambrose from on (#4WPA0)
UK regulator says it will limit profits to push suppliers into investing in carbon-neutral technology
The energy regulator has warned British energy firms it will cut investor returns in a push to keep a cap on household electricity bills.
Ofgem says electricity suppliers will make lower company returns in the next price control period, from 2023, and it will push them to invest more in building a carbon neutral energy system.
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