DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...Read More
This week , instead of our usual energy news, we’re looking at the General Election. With the release of the main political parties’ manifestos, we now have a much better idea about the plans each has for the UK energy industry.
The common threads?
Both Labour and the Conservatives have spoken about the importance of capping standard variable rates on domestic energy tariffs. Labour have stated that their cap would be temporary and take place alongside wider market reforms. The Conservative’s would be permanent. The idea of a price cap has been controversial, with suppliers unsurprisingly objecting and some stating that a cap would simply mean more expensive fixed tariffs.
All parties emphasise the importance of meeting emissions targets, although they have different ways of going about this.
Below are the key energy pledges from each party’s manifesto…
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