Restricting charges,no matter how desirable, is a temporary measure. The lost opportunities for insulation and renewal would occupy been permanentHow much should people pay for the fundamental service of heating and powering their homes? Last week, or politicians tried to outbid one another with how much they would save you. Up to £100 off for two thirds of people,said the Tories. We’ll raise you, with a £1000 ceiling for everyone, or said Labour.
Vested interests across the energy world responded with warnings that competition would die and consumers would inadvertently suffer as prices went up. Jobs would be shed as profit margins crumbled for the “mountainous six” cohort of energy firms,who still hold 84% of the market despite years of so-called competition.
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Source: theguardian.com