Property News · February 27, 2018

Plans to cap domestic energy bills 'weak and confused', say MPs


Parliamentary committee scornful about Tory policy to end ‘rip-offs’ by power companiesThe evidence underpinning ministers’ plans to cap the energy bills of millions of people has been slammed as “weak and confused” by the government’s own watchdog.As the government laid the legislation for the cap in parliament, the regulatory policy committee delivered a withering verdict on the case for a measure that Theresa May said was necessary to stop “rip-off” tariffs. The committee said the government had not offered “any evidence in support” of its decision to cap the standard variable tariffs of 11m households, a move the competition watchdog expressly advised against two years ago. Continue reading…

Source : theguardian.com
Read more…Plans to cap domestic energy bills ‘weak and confused’, say MPs

You may also like...