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<p>The Government continues to believe that competition is the best driver of value
and innovation in the energy market. However, there has been less scope for competition
in the supply market during this period of high and volatile wholesale gas and electricity
prices.</p><p> </p><p>The Government wants a retail energy market that is both resilient
and competitive, with companies able to invest in innovation and offer products and
services that support decarbonisation. The Government is considering what reforms
are needed to retail market regulation and will set out its plans ahead of the next
price cap period<ins class="ministerial">.</ins></p>
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