Theresa May echoes Ed Miliband with promise to reform energy market
(The Guardian, 17 Mar 2017) Prime minister tells Conservative spring conference that market is not working and she is prepared to ‘step in’.
Theresa May’s government is preparing to intervene in Britain’s energy market to weaken the influence of the big six providers and stop the poorest families being forced on to the most expensive tariffs.
In a speech that had echoes of the previous Labour leader, Ed Miliband, who promised to introduce an energy price freeze, the prime minister argued that the market was “manifestly not working for all consumers”.
Addressing the Conservative party spring conference in Cardiff, she said she supported competition but was prepared to step in on behalf of consumers.
“Energy is not a luxury,” she said. “It is a necessity of life. But it is clear to me – and to anyone who looks at it – that the market is not working as it should.”