She said on Tuesday a move to cap energy standard variable tariffs would help about 17 million families. For Centrica and SSE, the two most exposed to Britain, a price cap could limit their ability to increase dividends. FREE MARKETSThe industry has argued that a price cap would wipe out competition and damage investment. REUTERS/Phil NobleLONDON British Prime Minister Theresa May pledged on Tuesday to cap household energy prices if she is re-elected on June 8, sending stocks tumbling with the biggest market intervention since the sector was privatized almost 30 years ago. Under the new plan, industry regulator Ofgem will set a maximum cap for standard variable tariffs, which are used by about two-thirds of households.
according to
Theresa May says she is "fed up with rip-off energy prices" and will cap bill increases if the Conservatives win the next election. The Prime Minister has confirmed plans unveiled last month to protect gas and electricity customers on standard variable tariffs from "sudden and unjustified" increases. "ScottishPower has been campaigning to abolish unfair standard variable tariffs (SVTs) altogether. "Under our cap, prices will be able to come down." "This policy from the Conservatives, just as the policy from Ed Miliband, will not work."
We believe in free markets and competition, but we want to see competition working..."Ed Miliband didn't suggest a cap on energy prices. The Prime Minister has confirmed plans unveiled last month to protect gas and electricity customers on standard variable tariffs from "sudden and unjustified" increases. Theresa May says she is "fed up with rip-off energy prices" and will cap bill increases if the Conservatives win the next election. "ScottishPower has been campaigning to abolish unfair standard variable tariffs (SVTs) altogether. "Under our cap, prices will be able to come down."
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collected by :Jack Luxor
according to
May vows to cap energy bill increases if Tories win election
Theresa May says she is "fed up with rip-off energy prices" and will cap bill increases if the Conservatives win the next election. The Prime Minister has confirmed plans unveiled last month to protect gas and electricity customers on standard variable tariffs from "sudden and unjustified" increases. "ScottishPower has been campaigning to abolish unfair standard variable tariffs (SVTs) altogether. "Under our cap, prices will be able to come down." "This policy from the Conservatives, just as the policy from Ed Miliband, will not work."
We believe in free markets and competition, but we want to see competition working..."Ed Miliband didn't suggest a cap on energy prices. The Prime Minister has confirmed plans unveiled last month to protect gas and electricity customers on standard variable tariffs from "sudden and unjustified" increases. Theresa May says she is "fed up with rip-off energy prices" and will cap bill increases if the Conservatives win the next election. "ScottishPower has been campaigning to abolish unfair standard variable tariffs (SVTs) altogether. "Under our cap, prices will be able to come down."
read more visit us Energy markets
collected by :Jack Luxor
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