Commenting on today’s Price Cap proposals, Keith Anderson, Chief Corporate Officer at ScottishPower said:
“We agree that the Competition and Markets Authority did not go far enough to protect energy consumers. But though the Conservatives have asked the right question, they have found the wrong answer. ScottishPower has been campaigning to abolish unfair Standard Variable Tariffs all together. Getting rid of SVTs would end the status quo in the market, increase competition and save much more than just £100 for hard working families.
“Rather than addressing the symptom of price pressure in the energy market, the next government should tackle the root cause of the problem and boost competition by abolishing the Standard Variable Tariff.”