I am calling on the UK Government to take more action on the cost of energy. This comes ahead of the Second Reading of the Domestic Gas and Electric (Tariff Cap) Bill.
This Bill has the central purpose of instituting an absolute cap on energy prices for domestic customers until at least 2020, with power to extend the cap until 2023. The cap is aimed particularly at those customers not switching and remaining on standard variable tariffs – the most expensive tariff available.
This cap will be decided by OFGEM – the market regulator for energy. Read more “Energy Price Cap”