Property News · October 5, 2017

Cap on energy bills will not take effect this winter, says industry


Legislative timeframe, consultation period and possible legal challenges mean consumers will have to wait until late 2018Energy industry figures have said it is virtually impossible for Theresa May’s wide-ranging cap on energy bills to take effect this winter, as ministers suggested bills for some consumers could be capped within months.Draft legislation will be published next week to help the regulator Ofgem cap prices for the 12m households in England, Wales and Scotland on standard variable tariffs, the poor value deals that apply to the 70% of people not on special deals or whose special deals have ended. Continue reading…

Source : theguardian.com
Read more…Cap on energy bills will not take effect this winter, says industry