Price Cap drops, but the real challenge for energy companies is just beginning

Price Cap drops, but the real challenge for energy companies is just beginning

Price Cap drops, but the real challenge for energy companies is just beginningOn 1 July, Ofgem’s energy Price Cap will fall by 7%. On the surface, that sounds like a win for consumers, but in reality, energy costs remain significantly higher than pre-crisis levels. Since the autumn of 2021, and further disrupted by the war in Ukraine—global energy markets have been volatile, with consumers and suppliers alike riding out the storm. In response, O…