Jonathan Brearley, Ofgem’s CEO, gave a briefing on the energy market, energy bills and what the coming year will mean for consumers.
Ofgem is the public body responsible for overseeing the electricity and gas markets.
Energy costs have increased sharply since 2021, largely due to a surge in wholesale gas prices.
The measures committed to by Liz Truss and Rishi Sunak will make only a small dent in the costs now expected this winter.
The energy crisis has exposed the Treasury’s failure to use data to shape policy, a gap which needs fixing across government.