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Thursday, November 02, 2017

Energy price cap may not be ready for winter 2018, says minister

The business secretary has refused to promise that an energy-bill price cap will be in place by next winter, after warning that the government could not guarantee legislation would be passed in time.

Greg Clark repeatedly refused to commit to the cap for 11m households being imposed by winter 2018-19, under questioning from MPs.

"You're asking me to speculate about the organisation of parliamentary business, which clearly I can't do. I hope it [draft legislation for the cap] will proceed very quickly," he said.

He also admitted he had still not switched his own energy supplier, despite a report this week that said customers who did not were being exploited by big energy firms to prop up their profit margins.

Read the full story at The Guardian