The former head of Energy UK believes Theresa May’s pledge to cap energy prices will be implemented.
She told ELN: “I think that it will stay and the reason I say that is because it wasn’t just a policy of one political party – it’s a policy of two political parties and they were the big ones as well. So therefore, it’s very difficult to see how that will be dropped.
“What the key issue is, is how does it apply… What are the parameters to it? And I think that really the industry itself could come forward with some very good propositions on that. The worst thing to do is to stand back and just wait for a consultation and say it isn’t going to work because the high-level point has been made and in some way, it’s going to be implemented.”
Ms May said industry needs to recognise the constant rise in energy bills is high for a lot of the families on lower incomes.
She added: “I think that the industry, irrespective of whether it’s a consultant, whether it is in the supply side, wherever it may sit… they’ve got to recognise how they’re going to be viewed by the end consumer which is going to denote the game.
“They must recognise that experience has got to be up but secondly they need to be open about the balance between what you get and what you pay for as we increasingly move to a lower carbon energy generation in particular.”
Lord Deben, Chair of the Committee on Climate Change believes energy suppliers are among the “worst businesses” in Britain and their relationship with customers is a “scandal”.