The chief executive of Eon has hit out at the Tory plans for an energy price cap, saying it was “amazing” that it was even being considered in the UK. Johannes Teyssen, who runs the German parent company of the Big Six supplier, expressed disbelief that “the country that has built the liberalised energy world” was now debating whether to end it and move to state intervention. “Sometimes if I close my eyes and hear some of the words I wonder if I’m in France or in England,” he told the FT Clean Energy conference. “Has anybody regulated the bread prices lately?” he joked. “Change of power supplier is just a click away. It’s probably easier than to change your bread supplier where you might have to walk another block down the street.”
Times 25th May 2017 read more »