Price cap to shake up UK energy market, says KPMG | KPMG | UK

Price cap to shake up UK energy market, says KPMG

Price cap to shake up UK energy market, says KPMG

Commenting on the Conservatives’ pledge to introduce a cap on energy prices in their election manifesto, Simon Virley, UK Head of Power & Utilities at KPMG says:

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"The commitment to cap energy prices would bring to an end nearly 30 years of UK energy policy thinking that greater competition is the best way to keep prices down and help consumers. 

“Ironically, it comes at a time when there are a record number of suppliers in the market.  

“This change would have major implications for the way the energy market works.

“We have already seen the share prices of some of the Big Six energy suppliers take a hit."

 

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