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Should Theresa May Resign?
May has introduced an
energy price cap
to prevent energy suppliers from exploiting consumers with high prices.
It will save
households up to £120 per year and a total of
The independent consumer body
that the cap will actually mean people miss out on the cheapest energy prices as suppliers eliminate their low price deals to make up for revenue lost from the cap.
In response to the price cap, companies increased the prices of their cheapest deals by
, making energy bills more expensive.
Switching between the best fixed price deal remains the only effective way for consumers to make significant savings. However,
suggests that one in five households would be less likely to switch following the introduction of the cap.