The Energy Secretary, Greg Clark, had asked the regulator to sort bills from soaring but Ofgem chief says it’s a ‘policy matter for government’.
THERESA May last night faced fresh pressure to deliver on her election promise to cap energy bills after Ofgem’s boss insisted he does not have the power to do it.
Energy Secretary Greg Clark had asked the regulator to sort out how to stop bills soaring.
But chief Dermot Nolan said it was a “policy matter for government”.
He said in an interview with the FT that if Ofgem took action without Government legislation “there would be a substantive appeal route” for the energy firms.
Shadow Business Secretary Rebecca Long-Bailey said: “The Government are trying to pretend the power to implement an extensive cap lies with Ofgem, but Ofgem says the Government must legislate for one.”
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