TPA reacts to the Conservatives' pledge to cap energy prices

May 09, 2017 11:01 AM

Reacting to the Conservatives' proposal to cap energy prices, Alex Wild, Research Director of the TaxPayers' Alliance, said:


"One of the Prime Minister’s first acts on moving in to Downing Street was signing up to the most expensive conventional power station anywhere in the world at Hinckley Point, so her new found concern for consumers is puzzling. Politicians have effectively banned cheap energy and driven up bills by insisting that expensive technologies are deployed at scale. This requires huge levels of investment by energy companies which has to be paid for with higher prices for consumers. Crude diktats such as this suggest that the government simply doesn’t understand the consequences of these ill-thought-out policies."

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