Ofgem response to Energy Price Guarantee and today's announcement

An Ofgem spokesperson said:

“Ofgem welcomes this significant and unprecedented support for energy consumers across the country. It’s been clear to Ofgem and the government since we announced the new price cap that the new government would have to act urgently and decisively to support consumers and this package of support will be welcomed by millions across Britain. 

“Given the scale of the crisis and the challenges that lie ahead, it is the right time to assess the approach that has been taken. Therefore, we welcome the reviews on regulatory structures and how we get to net zero by 2050. We look forward to working with government on both.”