Responses from industry leaders to Ofgem’s new energy price cap highlight the relief felt by consumers, yet underscore ongoing challenges with inflated energy costs and growing debt

Chris O’Shea has warned Centrica that households could face increased energy costs if struggling customers’ debts are not addressed

Energy companies say such a move could increase the bad debt that would be recouped from customer bills

The regulator has said the move will allow it to consider the impact of the government’s energy bill support package

Ofwat has set out plans to increase the price cap for the non-household retail market by 0.31%

The water regulator is consulting on the most appropriate ways to share the costs and is seeking views and evidence until 6th April 2021