A cap on energy prices will be announced within weeks to tackle an industry that “traps the poorest customers on the worst deals”, Theresa May has suggested. The prime minister confirmed yesterday that she had lost patience with the rising bills imposed by energy providers, warning them that she was preparing to intervene. She also said that making it easier to switch provider had not been enough to fix the problem. She added that the market was “manifestly not working” and claimed that energy prices had increased by 158 per cent over the past 15 years. “Our party did not end the unjust and inefficient monopolies of the old nationalised energy corporations only to replace them with a system that traps the poorest customers on the worst deals,” she told the Conservative spring conference in Cardiff.
Times 18th March 2017 read more »