To those who say that politicians never deliver on their election promises, we can collectively send a blaring foghorn reply of “You’re wrong.” The energy price cap Bill is an incredibly rare political unicorn: a pledge that not only has cross-party support, but is being fulfilled. However, price caps are…
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The Prime Minister revived the party’s manifesto pledge to introduce an upper limit on charges last autumn, when she vowed to fix a system which “punishes loyalty with higher prices”. But some number of Tory MPs have raised concerns that the introduction of an “absolute limit” on prices rather than a relative…
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The government is set to introduce new legislation to cap default energy tariffs which should see millions of users pay less for fuel. As part of the Domestic Gas and Electricity (Tariff Cap) Bill, energy regulator Ofgem is set to introduce a price cap on standard variable tariffs (SVTs) in…
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The Government has today published the long awaited energy cap bill. The bill comes further to John Penrose’s letter to the PM which was signed by 213 MPs last Autumn just before her conference speech announcement that a bill would be forthcoming. John said: “I’m absolutely delighted the Government is…
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