An energy price cap has now been committed to by the Conservatives as they unveil their manifesto today. John Penrose said: “The Prime Minister really gets it. Millions of people have been ripped off for decades and we’re going to stop it. “Most businesses believe customer loyalty is vital. But the…
Following the Prime Minister’s recent pledge to put forward a price cap on standard variable energy tariffs, John Penrose, MP for Weston-Super-Mare in Somerset called for a relative cap rather than a fixed upper limit. The relative cap would limit the differential between the highest and lowest chargeable price, creating…
John Penrose MP today welcomes reports by the Sunday Times that the Government plans to include plans to cap energy prices in its manifesto: “The Big 6’s game is up. The Government is clear it’s going to act. 20 million or more of us are ripped off by the Big 6 and I’m delighted…
Greg Clark claims that the Conservative energy price cap plan is different from Labour’s energy price cap plan, and that charges of Tory hypocrisy and opportunism are unfair. His point may be correct (Ed Miliband originally proposed a price freeze), but it fails to see the wood for the trees – or…