Prime Minister Theresa May has pledged to introduce an energy price cap if the Conservative Party wins the general election, saying “rip-off” energy prices are hitting the vulnerable and those on low incomes hardest.
Writing in The Sun on Monday 8 May, May said that the cap would be set by Ofgem and would save 17mn families on standard variable tariffs up to £100/ year. May said: “It is clear to me that the energy market is not working for ordinary working families. Too many people simply aren’t getting a fair deal.”
Responding, Labour Shadow Business, Energy and Industrial Strategy Secretary Rebecca Long-Bailey said the Conservatives were “re-announcing something they tried to get a headline for just a fortnight ago” and there was still “no proper detail nor any real commitment to helping working people.”
Returning ‘Beast from the east’ has bark worse than its bite
Keep up to date with energy market changes over the last 7 days with the Haven Power market report. Here’s a summary of the week starting 12th March.
20 Mar 2018 | Industry
3 painless ways to optimise energy and reduce business costs
Take your business energy efficiency to the next level and save even more through business energy audits.
16 Mar 2018 | Industry
Gas inflates prices, as Trump’s talk boosts Asia
Keep up to date with energy market changes over the last 7 days with the Haven Power market report. Here’s a summary of the week starting 5th March.
13 Mar 2018 | Industry