Tepid government response to limited cap for yet-to-be-defined ‘vulnerable’ people shows universal cap is virtually dead
This is how political U-turns are performed in the energy sector – not with a visible yank on the steering wheel but with some vague words from the secretary of state designed to disguise the manoeuvre in hand.
As Ofgem announced a limited price cap that will apply only to yet-to-be-defined “vulnerable” customers, the business and energy secretary, Greg Clark, attempted to suggest the government could yet go further. “I will consider next steps when I have received Ofgem’s proposed actions,” he declared.
Continue reading…
Source: Guardian Climate Change