The Anonymous Widower

Stephen Fitzpatrick On May’s Energy Cap

Stephen Fitzpatrick is the chief executive of OVO Energy, so you could expect a well-thought out response to Theresa May’s proposed cap on energy prices.

This article on Sky is entitled May vows to cap energy bill increases if Tories win election.

This is reported as comments by Stephen Fitzpatrick in the article.

He described the policy as a “bold and ambitious move” – and argued that a cap on standard variable tariffs would not harm consumers or competition.

“It will be painful for some companies, especially those currently taking advantage of customer disengagement, but it will offer consumers a safety net, protecting them from some of the worst practices of the industry whilst still allowing innovative suppliers to compete,

I just wonder, if the energy cap is more targeted than we think.

May 9, 2017 - Posted by AnonW | World | Energy, OVO