Theresa May has denied stealing her cap on energy bills from Ed Miliband’s ‘Marxist universe’ as energy firms condemn the plan.
The Prime Minister confirmed she would intervene on the energy market because she was ‘fed up’ of rip off bills.
John Penrose, a former Tory minister, welcomed the Prime Minister’s decision to intervene on energy prices.
In an article for The Sun, Mrs May said the energy market is not working and the Government needs to intervene.
‘Like millions of working families, I am fed up with rip off energy prices,’ she wrote.
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May denies reheating Labour policy as she explains Tory bid for cap to stop ‘rip off’ energy prices
“Ed Miliband didn’t suggest a cap on energy prices,” she said in response to a question from ITV News Political Correspondent Emily Morgan.
Credit: PAUnder the Tory plan, the cap would be set by the independent regulator for the energy market, Ofgem.
But we want to see competition working,” she said at the campaign appearance in York.
Theresa May said the energy market is not working and the Government needs to intervene.
British Gas owner Centrica said the proposed cap could lead to higher bills for customers.
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Q&A: The Tory plan to cap energy prices
Image copyright Getty Images The Conservatives have released more details about their proposed cap on energy prices.
Why are the Tories proposing to cap energy bills?
So will energy prices rise, as suppliers claim? Theresa May has denied stealing her cap on energy bills from Ed Miliband’s ‘Marxist universe’ as energy firms condemn the plan.
Since the middle of last year, the gap between the cheapest tariffs and the most expensive have been narrowing.
Ofgem and consumer groups have repeatedly tried to persuade more people to switch to the cheaper deals, but with limited success.