Theresa May's 'Marxist' energy price cap policy will, ironically, only benefit the rich

collected by :Victor Alphen

as declared in Somewhere, somehow, the energy companies will find a way to structure tariffs to get their revenues back. Thousands of protesters march through London today to mark Ashura and celebrate the defeat of the Islamic State in Iraq and Syria. Getty14/32 22 September 2017 Britain's Prime Minister Theresa May delivers her Brexit speech at the Complesso Santa Maria Novella in Florence, Italy. John McDonnell: "Rail, water, energy, Royal Mail... we're taking them back"Third: the green argument. Simply cap tariffs and you will also help the rich who are so loaded they don't even notice their gas and electric bills.

UK ask regulator to set price cap to mend "broken energy market"

Prime Minister Theresa May first proposed a price cap on the energy sector earlier this year, the biggest market intervention since its privatisation almost 30 years ago. The draft bill published on Thursday said the price cap would initially last until 2020, with the potential to be extended by up to three years if needed. Britain's energy market is dominated by the so-called big six providers -- Centrica's British Gas, SSE, Iberdrola's Scottish Power, Innogy's npower, E.ON and EDF Energy, which account for about 85 percent of the retail electricity market. The government said it wanted to go further that plans announced on Wednesday by Ofgem to extend an existing price cap which applies only to vulnerable consumers. Ofgem said on Wednesday that whatever was contained in the upcoming legislation, the government's price cap would not come into effect for the upcoming winter.

Exclusive: Theresa May risks Tory backlash as she unveils energy price cap for 18 million households

referring to Energy companies will be forced to introduce an "absolute" cap on prices under new laws to stop 18million households from being "ripped off". Theresa May will face a backlash from both energy companies and Tory MPs as she unveils draft legislation that will force energy companies to limit energy prices. The Daily Telegraph has learned that the Prime Minister has rejected calls for a softer "relative" price cap, which has found favour with Tory MPs opposed to interventions in free markets. Under the plans Ofgem, the energy regulator, will introduce a strict limit for each region on the amount that companies can charge households for each unit of energy they use.