Ironically, UK Prime Minister Theresa May’s decision to cap electricity and gas prices resembles the pledge made by former Labour leader Ed Miliband in 2014 – a policy that was derided by the Conservative party at the time. The Tories are expected to include a commitment in their manifesto for the June general election to introduce a mechanism to cap prices that will respond to market conditions. It would be administered by Ofgem, the energy regulator.
May has departed from the traditional pro-market stance of previous...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up