Going into the snap election both the Conservatives and Labour are proposing variants on an energy price cap. The details are yet to be confirmed, but it is likely that both plans will involve the regulator being able to set a maximum cap on standard variable tariffs, as with customers who are on prepayment meters. The Labour plan may be slightly different, but as there is approximately 0% of Jeremy Corbyn winning the election I will focus on what is expected to be the conservative policy.
Continue reading “What would the impact of an energy price cap actually be?”