Citizens Advice call on Ofgem to make changes to save customers £1.7billion – full details

Ofgem, for its part, has cut the proposed returns of energy networks by half, saving consumers £3.3billion.

This has been done through adapting its price control methods, known as RIIO-2.

However Citizens Advice, in response to Ofgem’s consultation on RIIO-2 Draft Determinations, says the regulator has still been too generous to the networks (the companies responsible for the infrastructure of gas and electricity).

According to analysis from the charity, by using metrics, which more accurately reflect the returns these companies would make on the open market, the regulator could go further than its current proposals.

READ MORE: Energy bills: How to save over £300 ahead of price cap changes 


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