Conservative Party Promises Energy Price Cap On Default Tariffs

The Conservative Party has confirmed it will deliver an energy price cap to tackle spiralling household bills if it wins the election.
The proposed cap would apply to default tariffs – or so-called standard variable tariffs – which around 17 million households are on against prices rising by more than 150% over the last fifteen years.
The Tories said the cap will be set by energy regulator Ofgem, and follows the cap on prices for customers with pre-payment meters, which was introduc