UK Energy Companies Are Going Bust Because Of Maximum Price Caps.

Wednesday, 22 September 2021 11:20

In Ireland, People Before Profit has called for maximum price caps to be introduced

Energy companies are going out of business in the UK due to maximum price caps, according to a consumer expert.

It comes amid suggestions the government is considering the measure to limit the rise in energy bills.

People Before Profit has called for maximum price caps to be introduced so people aren't spending high amounts on their bills.

However, head of communications at Bonkers.ie, Daragh Cassidy, says the measure hasn't worked in the UK, and the government should consider reducing it's own takings

Jonathan Brearley, chief exec of Ofgem, reassures MPs that the UK has "one of the most secure and resilient" gas and electricity supply networks, as he attempts to put to bed concerns over potential energy shortages. https://t.co/8QoVdCiD71 pic.twitter.com/3DMuXDsCNe
— Sky News (@SkyNews) September 22, 2021

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