Price cap - Letter from BEIS on the cap's role in delivering the Energy Price Guarantee (EPG)
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The Government has introduced the Energy Price Guarantee (EPG) to protect households from extreme energy costs this winter. The default tariff cap (the cap), which Ofgem operates, plays a key role in delivering the EPG. This letter from BEIS sets out BEIS and Ofgem’s duties in regards to retaining and terminating the cap, setting the level of the cap, compliance and enforcement of the EPG scheme, and communicating announcements about the cap and EPG.