Energy Price Guarantee: prospects for future pricing policy

This briefing looks at the Energy Price Guarantee and how it works in Great Britain alongside the existing energy price cap. It includes data on price caps and wholesale prices for gas and electricity. Following concerns over the effect of a proposed 80% increase in energy prices, then UK Prime Minister announced that the Energy Price Guarantee (EPG) would be introduced from 1 October 2022 and last two years. The EPG was to reduce the extent of price increases for domestic customers. Under the scheme, the Government sets maximum prices for gas and electricity and compensates energy suppliers for providing […]