‘Unfair’ energy companies raise prices by 37pc before Theresa May can bring in price cap : The Telegraph

SUBSTRATUMS

elderly man holds cash in his hands as he warms himself in front of a fire 

Energy companies have been 
accused of behaving in an unfair and unreasonable way after raising prices before a proposed government price cap is introduced.

Centrica, the owner of British Gas, warned that Theresa May’s flagship policy would drive up prices even higher by reducing competition.

However, the Conservatives will on Tuesday confirm that the energy price cap forms a key pledge in their forthcoming election manifesto.

Energy suppliers were accused of “milking” their customers after they quietly raised the price of their cheapest gas and electricity deals by as much as 37 per cent since Mrs May first threatened to intervene last year.

The Conservatives said families are now paying £1.4 billion more for their energy than they should be, and promised to “put it right” by capping prices if they are re-elected.

But Centrica, owner of British Gas, hit back by saying a price cap would end…

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