It would achieve real competition, incentivise efficiency and bring prices down for the majority (companies would be forced to compete for new customers or wither fast).
Posts Tagged: Octopus Energy
Iain Dale: Pull yourselves together, Johnson, Hammond – the whole squabbling lot of you. Or we’ll have Corbyn in Downing Street.
Plus: The Labour leader’s other Brighton speech: “It was a full-blown Marxist rant. Put up taxes. Employers are evil. You know the sort of thing. They lapped it up.”
A ‘relative’ cap on the difference between standard variable tariffs and acquisition tariffs could untie Adam Smith’s ‘invisible hand’ in the retail energy market.
John Penrose: Energy bills. We need a relative price cap – to boost choice, cut prices and stick it to the Big Six.
The lobbyists would hate a relative cap, because there would be less lobbying to do. Putting customers in the driving seat means fewer fat fees, and fat lunches.