You can not control retail prices if you have no influence on the wholesale market. If the cap were removed now, it would give suppliers the freedom to compete more aggressively on price and service.
Landlords in the capital already have lower yields than those elsewhere. Who is going to choose to build homes to rent if there is no return on investment?
Let’s not set the prices, but instead the gap between the ultra-competitive deals for switchers and the tariffs for loyal customers.
The energy networks receive a lot less scrutiny than the ‘Big Six’, but they’re natural monopolies extracting unjustifiable profits and must be reformed.
It backed nationalisation in the ’40s. It opposed Thatcher’s economic policy in the ’80s. It supported the Euro in the ’90s. And now it wants Single Market membership.
They want a market that lines their pockets at the expense of the overwhelming majority of their customers.
They seem to be more back in vogue with all political parties than at any time since the 1970s.