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BRIEF-Britain to set out energy price cap details on Thursday
October 12, 2017 / 6:13 AM / 2 months ago

BRIEF-Britain to set out energy price cap details on Thursday

Oct 12 (Reuters) - Centrica Plc

* British business department says a draft energy bill would require ofgem to consult and impose a price cap as soon as practicable

* British business department says the price cap will be an absolute cap

* British business department says the cap would be a temporary measure, having effect initially until the end of 2020

* British business department says the need for it would be kept under review, and extensions could be made, on the advice of ofgem Source text for Eikon: Further company coverage: (London newsroom)

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