The UK's domestic energy bills cap policy
One of the UK's most spectacular flagship policy failures was an act of cross-party political consensus and plagiarism
They’re all the same…
"...this government will publish a draft bill, to put a price cap on energy bills, meeting our manifesto promise and bring an end to rip-off energy prices once and for all." - Theresa May, Conservative Party Conference, 2017.
"Introduce an immediate emergency price cap to ensure that the average dual-fuel household energy bill remains below £1,000 per year, while we transition to a fairer system for bill payers." - Labour Party Election Manifesto, 2017.
And then they created #NetZero...
MPs from *all* parties *knew* that prices were getting out of control.
They cannot claim that they did not know.
They had promised to address the issue. Both promised price caps.
And then rather than working out how to increase supply to stabilise and lower cost they increased the Climate Change Act's target from 80% by 2050 to Net Zero.
They *must* have know that this would push prices up.
There is no way that they cannot have known that this would be the effect of restricting supply.
The Guardian reports that the Tories have stolen the policy from Ed Miliband’s Labour party.