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Martin Lewis explains why the energy price cap is broken 

MoneySavingExpert.com
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On 1 Jan 2019 a cap was introduced on the prices that energy firms could charge on their standard tariffs. Yet the way it has been implemented hasn’t worked out well.
MSE founder Martin Lewis explains what the price cap means and why it doesn’t reflect the price people pay today.

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28 апр 2019

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Комментарии : 17   
@Avidcomp
@Avidcomp 4 года назад
The only moral solution is for private companies to speculate and "dig" ;i.e. labour for energy, on their own dime and compete with each other (no government intervention). Let them set whatever prices they can in order to attract competing private suppliers (administrators). Additionally non-government intervention also means to stop penalizing fossil fuels to which energy companies can maximize profits, re-invest and compete effectively. Not only would this result in market led prices, but all other industries would be more competitive and consumers would all be in a far better position. What I'm suggesting results in competition, not monopoly. And by monopoly I mean coercive monopolies. Coercive monopolies can only exist with government intervention. No industry could run a coercive monopoly in a free market. The market would destroy them. This is counter-intuitive to what is told to us.
@J-K-AG
@J-K-AG 5 лет назад
Martin, please run for prime minister.
@Odo-so8pj
@Odo-so8pj 2 года назад
Martin is one of them.
@justyouraverageguy9109
@justyouraverageguy9109 5 лет назад
It still says can not cap in the title
@MrOllie777
@MrOllie777 Год назад
Dear Martin you should see how SSE have treated me . I was on credit meter for electric I am on UC . I was on fixed two year contract when I switched over to prepayment 8 months ago I spoke to SSE on phone as regards the switch over I said it won't affect my two year contract I was told o no no that will be fine . Of late I have just found out that SSE double my unit rate to 34 pence per kilowatt and double my standing charge . It's a disgusting way to treat me I am on UC and in the limited capabilities to work group . I feel like I have been scammed because in the small print of contract it says it will end if you change to prepayment. And I ask them that question at the point of switch over so you see I have been mislead by them at a great cost to me . I can't get through to them I have asked them to ring me by email . I have had no contact . I really feel let down by them and the government. It's so not fair. SSE have conned me that's how I feel today .
@dean4007
@dean4007 2 года назад
Now its set to go up to 2800 madness
@dazz4872
@dazz4872 Год назад
I agree..Martin should run for office.
@justyouraverageguy9109
@justyouraverageguy9109 5 лет назад
Why is that can broken
@iancoles1349
@iancoles1349 Год назад
It's a fix
@bb2k16
@bb2k16 2 года назад
we are in 2021, and i think we are seeing the consequences just 2 years down the road.
@Odo-so8pj
@Odo-so8pj 2 года назад
End times global gov being formed.
@Odo-so8pj
@Odo-so8pj 2 года назад
Record profits in the first quarter. I smell bull on this one
@WalayatFamily
@WalayatFamily 2 года назад
MATIN LEWIS WAS WRONG ! GIVING BAD ADVICE !
@NowFunStarts
@NowFunStarts 2 года назад
where`s he gone wrong?
@marchhare1980
@marchhare1980 Год назад
2021: Germany got 55% of its gas from Russia France got 17 % of its gas from Russia Uk got 4% of its gas from Russia In 2022:- Energy prices in Germany have risen by 23% Energy prices in France have risen by 4% energy prices in the UK have risen by 215% Don't let them tell you this is caused by anything other than Greed- driven profit making .
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