Teresa May energy price cap at Tory conference – Green Energy response

04 October 2017

It’s been reported this morning that Teresa May will tell the Tory Conference that her Government will introduce a price cap on energy price

It’s been reported this morning that Teresa May will tell the Tory Conference that her Government will introduce a price cap on energy price via legislation in the next session of Parliament. Doug Stewart, Chief Executive of independent supplier Green Energy UK said: “I don’t fear a price cap and bringing a close to the endless speculation would be welcome. With over 50 odd suppliers in the energy market, it will create a level playing field. Anything that helps to restore consumer trust in the energy supply market is a positive move. We will want to see the detail but I would hope that a price cap will bring an end to the ‘rip-off’, ‘stich up’ tags so freely associated with the energy industry, whilst not stifling competition and innovation in the sector.”