British energy regulator Ofgem has started talks on the future of price caps, it said on Monday, adding it was considering how energy regulation as a whole needs to adjust to protect customers as they move to net zero.

Ofgem said it was looking to introduce a more dynamic cap with time-of-use dependent unit rates for future price protection in an effort to ensure consumer flexibility. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Maju Samuel)