the weakness of price caps is clear. energy markets need bolder action /

Published at 2018-04-01 09:00:11

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The gigantic firms hold raised tariffs to within a pound of the prepayment-meter maximum. What price government promises of savings now?Many of the 5 million vulnerable households who already hold their energy bills capped will be hit by an average price hike of £57 a year from Sunday.
Five of the gigant
ic six energy firms are raising their tariffs for prepayment meters – mostly used by renters and people who hold fallen behind on payments – to within £1 of the new £1089 cap. SSE may yet follow and make it a full house.
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Source: theguardian.com

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