The regulator has launched a consultation on a range of options for the future of the price cap
Ofgem could introduce a new "dynamic" price cap based on the time of day households use their energy.
Other options include a targeted cap which could be based on a variety of factors such as vulnerability, and more flexible, market-based price protections such as setting a limit between a supplier's default tariff and tariffs available in the market, capping the margin suppliers are able to make, or replacing the cap with a ban on acquisition-only tariffs.
It said energy retail markets were changing as increasing numbers of consumers changed their energy consumption and begin using electric vehicles, heat pumps and solar panels.
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