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Theresa May's energy price cap could last until 2023

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

The energy bills of 11m households will be capped for as long as five years under legislation put forward by government, which the Conservatives have claimed could save people up to £100 a year.

The draft energy bill compels regulator Ofgem to change the licence conditions for energy suppliers so that they are forced to cap electricity and gas prices.

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