‘Win­ter of cold homes’ on way as PM’S cap on bills slammed

Daily Mirror (Northern Ireland) - - NEWS - BY GRA­HAM HISCOTT Head of Busi­ness

TORY plans to cap en­ergy gi­ants’ rip-off prices have been at­tacked.

PM Theresa May promised to stop the ex­ploita­tion of 12 mil­lion house­holds on dear stan­dard vari­able tar­iffs.

But crit­ics claimed the cap would not en­cour­age peo­ple to switch to cheaper deals while oth­ers slammed the de­lay in bring­ing it in.

Draft leg­is­la­tion pub­lished yes­ter­day re­quires reg­u­la­tor Ofgem to con­sult and im­pose the cap “as soon as prac­ti­ca­ble”. But Ofgem boss Der­mot Nolan has al­ready warned con­sul­ta­tion could take five months.

The GMB union’s Justin Bow­den said: “The an­nounce­ment falls short of the bold­ness needed to pro­tect bill­pay­ers from prof­i­teer­ing.”

And Labour claimed that four mil­lion house­holds will face a win­ter of “cold homes or as­tro­nom­i­cal bills” be­cause of the Govern­ment’s dither­ing.

WARN­ING Der­mot Nolan

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