To: David Cameron
Caps on Energy Prices
We want to push David Cameron to back the plan to cap prices on energy tariffs so that millions of Britons are no longer being consistently overcharged for their gas and electricity.
Why is this important?
A recent report from the Competition and Markets Authority showed that millions of customers in the UK are “paying too much for their energy bills”.
Over the four year period up until 2013, the CMA showed that the ‘Big Six’ energy providers (E-On, EDF Energy, SSE, Scottish Power, British Gas and Npower) collectively overcharged customers by £1.2 billion a year, compared to what should have been being paid were the energy market properly competitive.
The CMA proposed, along with their findings, a temporary price cap on energy tariffs across the UK, keeping gas and electricity prices down, at least for a while. David Cameron initially reacted with a somewhat lukewarm response, with a spokesman saying that he would be “prepared to consider” the plan; he has now gone back on even that, claiming that he “does not think that price regulation is the right approach”. We firmly believe that price regulation is the right approach, or at the very least it is a short term solution that saves millions of people money and in no way frustrates the possibility of a long term solution.
So, sign this petition and make sure that Mr Cameron listens and does his bit to put an end to the shameless exploitation of customers by the oligopoly that is the Big Six energy providers.
Over the four year period up until 2013, the CMA showed that the ‘Big Six’ energy providers (E-On, EDF Energy, SSE, Scottish Power, British Gas and Npower) collectively overcharged customers by £1.2 billion a year, compared to what should have been being paid were the energy market properly competitive.
The CMA proposed, along with their findings, a temporary price cap on energy tariffs across the UK, keeping gas and electricity prices down, at least for a while. David Cameron initially reacted with a somewhat lukewarm response, with a spokesman saying that he would be “prepared to consider” the plan; he has now gone back on even that, claiming that he “does not think that price regulation is the right approach”. We firmly believe that price regulation is the right approach, or at the very least it is a short term solution that saves millions of people money and in no way frustrates the possibility of a long term solution.
So, sign this petition and make sure that Mr Cameron listens and does his bit to put an end to the shameless exploitation of customers by the oligopoly that is the Big Six energy providers.
