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"fee cap" is correct and can be used in written English.
You can use it when referring to a limit or restriction put in place on fees or charges of any kind. For example: "The bank has recently enforced a fee cap on all its financial services."
Exact(60)
Lawmakers tried to soften the blow by exempting smaller banks from the fee cap.
We would not like to get into this position of having to raise the fee cap.
Will England's £9,000 tuition fee cap be reduced or increased?
Around a million students are potentially affected by any change in the fee cap.
I expect that is going to continue because they are raising the university fee cap.
Labour have announced that if elected, they will reduce the university tuition fee cap to £6,000.
The fee cap still has some powerful backers, who say it should it take effect in July as scheduled.
The fee cap that the Fed introduced in 2011 did lead to much lower debit card revenue for banks.
He is expected to simply raise the £9,000-a-year fee cap to allow students a higher credit limit.
Universities that do not have the scope to raise fees above the fee cap would have to sustain a loss.
So it was a mistake for the government to give way so easily on increases to the fee cap.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com