Caroline Flint

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192 MPs urge Government to introduce Energy Price Cap

Caroline Flint has called on the Prime Minister to cap energy bills. The MP's name heads a list of 192 MP's, which includes 76 Conservative MPs, calling on the Government to introduce an energy price for customers on standard variable tariffs.

The full text of the letter to the Prime Minister is printed below.

Commenting on the letter, Caroline Flint said: "I favour an absolute cap, not a relative one. The Government has already asked Ofgem to set a maximum unit price paid by any customer with a prepayment meter.  That approach be extended to the sixty per cent of customers on standard variable tariffs."

“We are writing to urge you to extend Ofgem’s proposals of 3 July 2017 by introducing an energy price cap that protects all of the 17 million families currently on expensive Standard Variable Tariff deals, not just the 2 million vulnerable ones. While these proposals are a step in the right direction it is clear we must do more to protect the further 15 million households who continue to be preyed on by the big 6 energy firms.

“As you can see from our signatures below, the idea has substantial cross-party support. It was promised in the three leading party manifestos and a temporary, relative price cap has support from most of the ‘challenger’ energy firms – the insurgents who are challenging the dominance of the ‘Big 6’ incumbents, and providing choice and stronger competition, which benefits consumers.

“We hope you will work with us and Ofgem to stop this Big-6 stitch-up, and pledge to help the millions of households who Ofgem seem set to ignore.”

 

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