Theresa May’s proposed price cap on energy bills could leave consumers paying more and switching less in a move that has divided the industry, say energy experts. The Tories claim a regulated cap on all standard variable tariffs (SVTs) could save 17 million households £100 a year, and it is to be included in the party’s election manifesto. The move is designed to protect the energy customers who are languishing on expensive SVTs run by the Big Six – even though better deals are available.Power companies, campaigners and consumer activists are divided over whether the move really will save customers money.
Times 29th April 2017 read more »