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Prime Minister faced criticism from the country’s biggest energy firms

The prime minister would not be drawn on whether some cabinet ministers opposed the price cap policy.
Industry experts also warned that household energy bills will continue to rise regardless of May’s pledge to cap default electricity and gas tariffs.
“Administering the price cap therefore risks being tantamount to signing off bill increases for the industry,” said Cornwall Energy.
“We need to make the energy market more competitive, so the customer is king and big business fat cats can’t take us for granted,” he said.
“As far as I can tell, no guarantee that energy prices won’t rise next year under Tory policy.

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Theresa May admits energy price cap is not ‘Conservative’ but voters come before ideology

energy price cap

Theresa May has admitted her policy of capping energy prices may not be “Conservative” but said supporting working people was more important than “ideology”.
It came as it emerged that Mrs May only introduced the price cap policy after energy firms failed to heed her warning last year that she would take action if they did not curb price rises.
The Prime Minister has faced criticism from the country’s biggest energy firms – as well as some within her own party – for pledging to bring in a policy that goes against traditional Tory free market values.
But Mrs May made it clear that she will not be bound by sacred cows when she decides on policy, saying “what matters is doing what you believe to be right”.
The prime minister would not be drawn on whether some cabinet ministers opposed the price cap policy. “Administering the price cap therefore risks being tantamount to signing off bill increases for the industry,” said Cornwall Energy.

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