May 8 United Kingdom's Prime Minister will
introduce a cap on "unfair energy price rises" if she is
re-elected on June 8, Theresa May wrote in the Sun newspaper on
"The cap will be set by the energy watchdog Ofgem and will
help close the gap between standard tariffs and the cheapest
deals," May wrote in the British newspaper. (bit.ly/2pVCWa3)
"It (energy cap) will protect around 17 million families on
standard variable tariffs from being exploited with sudden and
unjustified increases in bills."
Britain's ruling Conservative Party said last month it would
cap domestic energy prices if it retained power.
Energy bills have doubled in Britain over the past decade to
about 1,200 pounds ($1,553.40) a year, angering consumers who
face rising inflation, and drawing the ire of politicians ahead
of a June 8 national election. Energy companies have said higher
prices reflect increased wholesale costs and environmental
"I expect it (energy cap) to save families on poor value
tariffs as much as 100 pounds," May wrote.
May's government has previously called for more competition
in a sector dominated by the big six providers of Centrica, SSE,
Scottish Power, Npower, E.ON and
($1 = 0.7725 pounds)
(Reporting by Subrat Patnaik in Bengaluru)