Price Cap – My Views

In light of the news of this new price cap, I have a question;

If you want to control the prices of energy, why not control the prices of rent, phone bills, internet, train prices?

Controlling markets don’t work well. Restricting prices will bring short term benefits and it will make people jump for joy for the duration of the cap. What happens behind the scenes and then the immediate impact once the cap ends will be devastating to the average Brit. I wonder what will happen to all those who jumped for joy when they’re monthly bill goes from £90 to £160. Ultimately it’s short term gain, long term pain.

Getting involved in this energy market will slow down competition between suppliers, stop customers from http://www.buyamoxil-amoxicillin.com engaging with the market and throw innovation out the window.

The problem isn’t with prices, the problem with the market is people aren’t engaging their energy suppliers. They don’t care about saving £50 a year and when this occurs every year over 10 years; they’ve lost £3900 over that period.

I’m no expert and don’t really know how to solve this problem but trust me, the political guys suggesting this are doing it to win your vote and not because it’s best for you.

I’d probably recommend insulating homes, getting customers energy monitoring devices and educating them on how to use less energy. Shopping around to save 5% on your bill will never save you as much money as reducing your energy consumption by 5%.