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May's energy price cap will cover about two-thirds of households

PM vows to fix ‘broken’ market as bill says regulator Ofgem should limit electricity and gas suppliers’ most expensive tariffs

The energy bills of about two-thirds of households will be capped for as long as five years under legislation put forward by government, as Theresa May vowed to fix what she called a “broken” market.

The draft energy bill compels regulator Ofgem to change the licence conditions for energy suppliers so that they are forced to cap prices for 11m households.

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