The Tories start recycling campaigns

patman99

Theresa May has stated that if she wins the GE, she will cap energy prices.

I seem to remember the Labour Party made exactly the same promise at the last election.

What will be the next election promise made by one party previously, be the next one to be recycled by another.

Thrugelmir

Does it matter as long as someone takes action. In reality the policies that can be implemented from the various manifesto pledges are somewhat constrained.

Doesn't guarantee cheaper bills in the longer term. At least people won't have to waste their time comparing hundreds of different tariffs. In order to get a good deal.

IveSeenTheLight

Thrugelmir wrote: »

Does it matter as long as someone takes action. In reality the policies that can be implemented from the various manifesto pledges are somewhat constrained.

Doesn't guarantee cheaper bills in the longer term. At least people won't have to waste their time comparing hundreds of different tariffs. In order to get a good deal.

Theres a bit of debate surrounding the Conservative version and the likelyhood that it would increase the overal cost of energy.

The cap as (I heard on the radio) was the difference between the lowest and highest tarrifs in order to close the gap and the consensus was that this would likely just push up the lower rates proportionally more than the higher rates reduce.

Looks like its political posturing for Election purposes but not improve the issue in reality

Thrugelmir

IveSeenTheLight wrote: »

The cap as (I heard on the radio) was the difference between the lowest and highest tarrifs in order to close the gap and the consensus was that this would likely just push up the lower rates proportionally more than the higher rates reduce.

At least introduces a degree of fairness. An OAP of 85 is far less likely to go trawling the internet for the best deal.

System

patman99 wrote: »

What will be the next election promise made by one party previously, be the next one to be recycled by another.

Labour to increase Inheritance Tax allowance to £1m

Conservatives to nationalise steel industry

Liberal Democrats to halt all immigration

UKIP to campaign to re-join EU

SNP to propose union of Scottish and English parliaments

Plaid Cymru to make English sole official language in official documents

IveSeenTheLight

Thrugelmir wrote: »

At least introduces a degree of fairness. An OAP of 85 is far less likely to go trawling the internet for the best deal.

The theory is that it will not introduce fairness, just increase prices.

As a hypothetical example, if the lowest dual fuel was £800 a year and the highest was £1200 a year with an average of £1000 a year, there is a £400 variance.

If the cap stated it should be no more than £200 from top to bottom, then the energy companies could make the lowest £950 with the highest £1150.

Net result, the average is £1050 and prices have went up.

I agree with the premise to try and make it easier for loyal customers to remain on good deals, but it sounds like this policy is open to manipulation.

Thrugelmir

IveSeenTheLight wrote: »

The theory is that it will not introduce fairness, just increase prices.

As with anything someone has to pay. Reducing prices for some customers will increase it for others. If the burden is more equitably spread so be it. Perhaps then people will use energy more efficiently.