Restricting charges, no matter how desirable, is a temporary measure. The lost opportunities for insulation and renewal would have been permanent
How much should people pay for the essential service of heating and powering their homes? Last week, politicians tried to outbid one another with how much they would save you. Up to £100 off for two thirds of people, said the Tories. We’ll raise you, with a £1,000 ceiling for everyone, said Labour.
Vested interests across the energy world responded with warnings that competition would die and consumers would inadvertently suffer as prices went up. Jobs would be shed as profit margins crumbled for the “big six” cohort of energy firms, who still hold 84% of the market despite years of so-called competition.
May 14, 2017 at 12:02PM
from Guardian Staff
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