Ofgem delay profit recalculation decision

Hi everyone,

Update: https://youtu.be/9bF7w8JX6yg

I said I'd keep you all updated on Ofgem's announcement of the profit reformulation, which was meant to be in place by July this year. They've decided to delay this review and prioritise others.

There's a lot to unpack here so I did a video update as it seemed more appropriate, the link is above. I think it's really worth watching this video as it'll give you an idea of what to expect over the coming year in terms of changes to the price cap. 

As always, thank you all for your support, please let me know if anything isn't clear and I'll try to give a better or more in-depth explanation. 

Thanks,

Richard Winstone